Australia
Aon announces insurance solution for the real estate sector

Aon announces new and robust professional indemnity insurance solution for the real estate sector

Sydney, 20 May 2020 – Aon (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced a robust and extensive professional indemnity insurance solution for the real estate sector.

This arrangement comes strongly recommended and endorsed by the Real Estate Institute of Queensland and the Real Estate Institute of Western Australia, and the Real Estate Institute of Australia welcomes the competitive pricing and market leading policy features and benefits that are offered in this newly created solution.

The key features of the real estate solution are:

  • New approach to policy rates
  • New or improved coverage extensions
  • Removal of a number of policy exclusions

Aon’s involvement in the real estate industry spans more than 40 years and extends across every state and territory in Australia.

Richard Silberman, Client Director for Real Estate at Aon, said: “Aon is committed to sourcing competitive solutions from the insurance market. After approaching several insurance markets, we have negotiated this new arrangement with Insurance Australia Limited through CGU Insurance. By working with CGU, Aon has chosen a strong, reputable insurer who is committed to providing quality insurance solutions tailored to the real estate Industry. 

“We are hoping this change is well received in the real estate industry as agents look to manage costs and emerging risks associated with the impact of COVID-19. We are excited to be bringing this greatly improved product to market, with more competitive pricing, fewer exclusions and greater policy coverage at a time when the industry needs all the support it can get in these challenging times.”

Find out more about the offering aon.com.au/realestate.

For further information please contact:

Nermin Bajric 
Watterson for Aon 
nermin.bajric@watterson.com.au / aon@watterson.com.au
t +61 2 9929 7533

Emma Casey 
Aon 
emma.casey@aon.com
+61 2 9253 7421

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