LCA Insurance announces appointment of broker

The LCANZ’s long-term service provider, Aon, has been reappointed as the broker for LCA Insurance following a rigorous tender process. The General Church Board approved the tender panel’s recommendation at its November 2023 meeting.

‘The tender process provided LCA Insurance with the opportunity to review what options were available to us and to recalibrate our service requirements’, said Lucinda Osborne, LCA Insurance and Risk Manager.

Four large leading insurance service providers were invited to participate in the comprehensive tender process, with Aon emerging as the preferred broker from the two short-listed service providers.

‘We are delighted to retain the services of Aon, as they know our church and our insurance needs well’, Lucinda said. ‘But this does not mean the new agreement with them will be “business as usual”. Aon has offered us reduced pricing, improved services and a greater focus on ways to weather changes in the global and national insurance market.

‘All this is very good news for our clients.’

Following the departure of Catholic Church Insurance from the market earlier this year, Aon has enhanced its commitment to faith-based organisations, including churches, schools, aged-care and community-care entities.

‘We are confident Aon can deliver for our Lutheran entities tailor-made insurance solutions for our faith-based context, while keeping premiums at the lowest possible. They also provide for us the experience, expertise and future-proofing insights of a leader in the Australian insurance industry’, Lucinda said.

The LCA Insurance scheme manages insurance for approximately 730 Lutheran entities, insuring almost $6 billion in assets, with a diverse risk portfolio including congregations, aged and community care and education.

‘We know insurance can be a difficult area to understand, especially in the current challenging environment’, Lucinda said. ‘We are here for you, to serve you, so you can continue to share God’s love in our communities without the burden of worrying about insurance. Please talk to us if you have any questions or concerns in relation to your insurance needs.

‘Your LCA Insurance team remains your first point of contact, with the Aon core service team providing support to LCA Insurance.’

LCA Insurance can be contacted on 08 8267 7330 or by email at insurance@staging.lca.org.au