Welcome to Advisr

Connect with great Insurance brokers.
Simple.

Find an insurance broker that understand your needs. With Advisr, we enable you to easily find and connect with insurance brokers that are specialists in the risks that you need to be covered. Connect with insurance brokers that understand you and what is going on in your business and your life.

Advisr exists so people can connect with great insurance brokers.

WHAT WE BELIEVE
(Our beliefs drive everything we do)

1: Customers come first – always.
2: Simplify the complex and find a better way.
3: Trust is critical – Our ratings and reviews are transparent, validated and trustworthy.
4: The small details are huge to us. 

WHAT SHOULD YOU DO NEXT?

1: Search for an insurance broker, by name, suburb, type of insurance or even cluster group eg Steadfast.
2: Connect with a broker to check your coverage.

WHY USE ADVISR?

Connect with trusted Insurance Brokers.

With thousands of insurance brokers on Advisr, it super easy to connect with the insurance experts you need. Find insurance brokers now. With transparent feedback through ratings and reviews, you can see how others found working with various insurance brokers.

Getting organised feels good.

Knowing that you’re organised is a great feeling. Advisr provides secure access 24/7 to all your insurance policy documents whenever you need them and wherever you find yourself. Never be caught out again. The free Advisr App can help you with storing all your insurance and reminding you when its due.

WHERE IS ADVISR GOING?

Advisr will be the go-to place used to organise all your insurance. Connecting you with trusted insurance experts who understand the complex bits and help you when it comes time to make an insurance claim. Providing access to great insurance products across the entire market.

We are building the best products and services for you to make your life easier. We can only do that by your feedback and through you sharing your experience with us.

 To share your experience with us, email us at – support@advisr.com.au / andy@advisr.com.au  

Thanks for using Advisr.

– The Advisr Team

How to Organise Your Financial Documents

Organise your insurance

We’ve listed this first as it is essential to establishing your financial security. Insurance will help protect your wealth which is partly accounted for through assets. Insurance will significantly reduce your financial loss if an accident was to occur.

  • Gather your policies
  • Remove any unnecessary covers
  • Buy insurance if you need it
  • Keep it together and accessible

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Use secured digital systems

Establish a good record keeping system or location. Having a central location for all your financial documents will give you peace of mind. Digital systems also allow more than one user for access which is great for families. Access your information when you need it with ease.

  • Research different management systems
    • Features
    • Customer reviews
    • Level of security
  • Integrate your financial data
  • Keep the information accessible by mobile
Keep your receipts

If the seller accidentally loses or changes the record of your transaction, a receipt is usually the first and best solution. Advisr is a platform for managing all your insurance policies from one place. Upload all your receipts for record keeping with Advisr’s secure digital platform.

Have a tax folder

Having a tax folder handy with all your essential deductible items will be a lifesaver come end of financial year. It’s as easy as creating a place to store all tax related transactions which you will need when you submit a tax return.

Letter of instruction

Otherwise, known as a will. Although not as commonly known, this is a vital document to organize and keep updated. Did you know that if you don’t have a will and tragedy befalls, the laws of the state determine how your finances are distributed. This means that your family does not have control over your assets and it may not be distributed evenly amongst your family. In some extreme cases, your assets may not be given to your family at all. To avoid all this hassle, get a will and have your assets distributed according to your wishes.

There you have it, a few easy steps towards simplifying your finances. Added benefits include stress reduction, being prepared for unexpected events and peace of mind. You’re now closer to financial organisation than you were before!

 

 

3 Common Insurance Scams & How To Stay Protected

Anyone can fall victim to insurance fraud but it can be easily managed with the right practices. By staying vigilant, a lot of hassle, time and money can be saved. Here are a few common insurance scams & how to stay protected.

Vehicle accident fraud

Imagine going for a relaxing afternoon drive around the neighborhood, and suddenly someone jumps out in front of your car, intentionally. Unfortunately, this has happened more times than it should and it is a scam.

The Scam:

The perpetrator will say that you hit them as a result of reckless driving to claim an insurance payout.

How To Stay Protected:

Install a dash cam to save money and hassle in dealing with these scams.

Know your vehicle

Some insurers have been known to steer customers towards their approved repairer network. Why? The Telegraph UK claims:

“Some body shop owners and car makers said they are concerned that insurance companies and their agents are primarily focused on keeping costs down and some fit non-genuine parts or repair instead of replace parts, potentially compromising the safety of drivers.”

The Scam:

Colluding to maximize profits between businesses.

How To Stay Protected:

Learn as much about your vehicle’s parts as you can, take pictures when you first purchase the vehicle and make friends with a mechanic so you can get some solid advice (maybe even for free).

Phantom Victims

Some con artists may attempt to file personal injury claims for passengers which weren’t in the vehicle at the time of the accident. Thus, the name “phantom victims”.

The Scam:

The payout (if successful) from multiple victims is higher incentivising the scammer to say that there were other injured members in the vehicle from the accident.

How To Stay Protected:

If you did not have a dash cam recording, document everything, take videos, pictures, witnesses’ contact details, details of everyone involved in the accident, etc. The more information you have, the better.

 

 

 

8 Tips to Start the New Financial Year

The start of the financial year is a great period to build solid financial foundations for the coming year. However, it can also be daunting for some who are not as organized. It’s simpler than you think! Here are 8 tips to start the new financial year.

1: Understand your financial position

Before you create your brilliant financial strategy, gather and assess as much information as possible of your situation. This will allow you to take advantage of every opportunity and reduce your exposure to risk.

2: Super: Check?

Make sure that everything is sweet with your super because your future self will thank you for it. Check that your employer is actually contributing to your super fund and tailor the investments accordingly.

3: Take advantage of salary sacrifice

There are a number of items available for salary sacrifice that you will probably buy in the next year. Before you buy, check if you can salary sacrifice it. Depending on what you purchase, you can reduce your taxable income considerably if you use it wisely.

4: Set up good financial habits

Automate your money to prevent bad spending habits. You can now set up your bank account to automatically transfer money from your salary account to your savings account. Employers can also pay your wages into different accounts.

5: Be debt free

Keep track of existing debt, interest payments (if unavoidable) and credit card use. The use of credit cards is ok but paying interest on borrowed money isn’t so great.

6: Good record keeping

Create a system or log of the items you buy which can be used for tax deduction. This will make your life much easier when it comes to tax time, and also ensure that you don’t miss out on items that you can claim.

7: Make technology your friend

There are dozens of accessible financial management applications out in the market today. If you’re not an organizational wizard at creating your own systems, try your luck with a few of these apps.

8: Set milestones & timelines

Maximise your chances of success by periodically evaluating your financial results. Take positive action and keep on track to your financial goals.

So there you have it, 8 tips to start the new financial year.

 

 

How the Insurance Industry is Changing

“Insurers who anticipate and plan for change can create their own future” (PWC, 2012).

Change favours the opportunistic and the proactive, who can utilise the opportunities that change provides to stay on top. As insurers and insurance brokers grapple with capturing new business, picking the right investments and adhering with regulations, it is essential to understand how external environmental pressures will shape business decisions they need to make.

Social

The key trend here is that the power balance is shifting towards customers as competitiveness increases and social trends take hold. Customer expectations are changing with stronger demands around speed of service, simplicity and business transparency. One possible shift is that “more and more insurance will be bought by customers as opposed to being sold by agents” (PWC, 2012).

The Takeaway: A greater focus on information availability, simplicity and customer centricity will be required.

Technology

It is undeniable that technology has and will continue to reshape the way things are done. In relation to the insurance industry, advances in software & hardware capabilities will pave the way for more accurate data analysis. This in turn, will enable insurers and insurance brokers to “transform big data into actionable insights” (PWC, 2012) improving their business’ efficiency. Technology will also reshape customer expectations of how they can interact with their insurers and other businesses.

The Takeaway: Keep up to date with technological advancements that your customers are using in their lives and assess how you may be able to incorporate these changes into your business.

Economic

Emerging markets are driving the growth across the global economy. Specifically, the E6 countries (China, India, Brazil, Russia, Indonesia and Mexico) are estimated to contribute nearly half (47%) of global GDP growth between 2006 and 2020.

These emerging economies will also attract investment to drive the growth in infrastructure, job creation and evolution of new businesses. In turn, providing new opportunities for insurers and insurance brokers, to service the growing economies.

The Takeaway: Insurers and Insurance Brokers will have to re-evaluate their strategic objectives towards emerging & developing economies to capitalise on future business opportunities.

Environmental

The environment is changing. “The severity and frequency of catastrophic events, both natural and man-made, have been increasing over the past 20 years” (PWC, 2012).

New risks are developing and the impact from the environmental changes may be more significant than previously thought. Due to this, having a robust insurance industry becomes even more crucial to promote confidence to both businesses and individuals. Furthermore, Insurers and Insurance brokers will need to become more adept and sophisticated in their ability to price risk.

The Takeaway: Insurers will require better risk management capabilities and modeling to ensure risk is calculated and priced accurately.

 

Political

The political landscape is shifting faster than ever. As the political landscape shifts, it is anticipated that the regulatory environment will continue to tighten. This is occurring due to greater standardisation and globalisation of the insurance market. In particular, the fallout from Brexit continues to unfold creating greater uncertainty.

The Takeaway: Reflect on your political landscape and conceive how political changes may impact your business.

The world is changing. So how will you stay on top of the changes and compete in the new world?

Read more from PWC’s Insurance 2020 Report.

6 Ways For Brokers To Engage With Customers

“People don’t care how much you know until they know how much you care.” ― Theodore Roosevelt

Often, engaging customers is not about directly profiting from the engagement in monetary terms. Rather, it is about building a nurturing relationship with them upon trust, honesty and care to solidify that connection.

1) Find some relevant content (relevant to them, not you) and share it with them. 

The purpose here is in finding something of interest that can spark their engagement in the topic. For example, something about their industry, their hobbies or where they live. Once you have their attention, if the information provided is helpful to the customer, they will increasingly place their trust in you as a source of knowledge.

How to do it: Pick a topic – Make sure it’s relevant – Establish your connection – Share

2) Connect your customers to others they may be interested in meeting

As a business, you probably have a large network of connections that can lead to valuable introductions for your customer. Use this advantage to introduce your customers to your other clients, colleagues and industry contacts and even to connections where you can help to open the door. Your customers will definitely thank you for this and who knows, maybe even your connection.

How to do it: Find out who your customers are interested in – Ask your connection for the possibility of an introduction – Ask your customer – then make the connection.

3) Share a relevant book with Your Customers that has inspired you.

Tying in with the first point, by sharing information relevant to both parties, it makes it easier for the customer to acknowledge your significance beyond your product. By discussing issues of relevance, it helps to humanize the relationship between you and your customer to develop a deeper connection leading to increased trust.

How to do it: Briefly share your experience of inspiration derived from the book – Recommend the book – Discuss the customers’ experience and check in to see if they’d be interested in more.

4) Send Helpful Reminders

Send helpful reminders to your clients and checking in that they have everything under control are some small steps to show to the customer that you care. Taking extra steps, even small ones like a timely reminder, such as these will (hopefully) help your customer to see how your caring and supporting them. As a result, they are more willing to stick with you.

How to do it: Generate a content calendar with a few key dates relevant to your customers and set up alerts to prompt you to send out helpful reminders.

5) Celebrate your clients’ wins

Be excited for your clients and show that you are happy for them when they reach major milestones. For example, if their business has grown, they’ve secured a new partnership or a won over a big client, etc. Celebrate it with them.

How to do it: Follow newsfeeds from your major clients or simply keep in touch with how they are doing and be there for them.

6) Ask how you can help them beyond what you traditionally do for them

This is a major game changer and by asking this, you are already distinguishing yourself from the rest of your competitors. Customers may face a situation where they are unsatisfied with the quality or range of services provided. By helping your customers beyond your traditional products and services that you sell, it is a great way to invest in your clients and deepen your relationships. Sometimes clients may be too afraid to ask and accept things for the way they are. By truly helping to solve their challenges, whatever they may be, you’ll set yourself apart and probably enjoy it!

How to do it: Make it part of every interaction to ask some open questions to uncover what challenges they are facing. For example “what’s keeping you up at night?”

In world where commoditisation is normal (Amazon) and information is universally accessible (Google), truly caring for your clients through excellent service and going above and beyond are essential.