Envest Group announced the merger of Aviso Broking and PSC Insurance Brokers to enhance their national presence and service excellence in the Australian insurance market.

Target Information

Envest Group has announced the merger of Aviso Broking, an insurance brokering firm with a strong presence in Queensland and New South Wales, with PSC Insurance Brokers, a specialist SME insurance broker operating 22 branches across Australia. Aviso Broking services clients along the eastern seaboard, from Sydney to the Sunshine Coast, and is part of the Aviso Group network, which consists of 11 independent brokerages. PSC Insurance Brokers operates in every major city in Australia and has nearly 400 employees dedicated to providing insurance solutions.

Industry Overview in Australia

The insurance industry in Australia is robust and diversified, catering to various sectors including corporate, commercial, and small-to-medium enterprises (SMEs). With a market characterized by strong competition and a growing demand for innovative risk management solutions, brokers play a crucial role in connecting clients with appropriate insurance products. The evolving needs of businesses and the increasing complexity of risks present opportunities for brokers to offer tailored services.

Recent trends indicate a shift towards digitalization in the insurance sector, with more clients seeking online access to quotes and policy management. However, traditional face-to-face service remains vital, especially in the SME