Our Investments

Envest has a diversified portfolio of 25 financial services businesses.

These investments relate to three pillars: General Insurance Brokers, Underwriting Agencies (MGA’s) and Insurance Related Investment. We provide financial and smart, strategic support to these businesses in order to leverage scale and drive growth.

We also provide support to our portfolio through mergers, central administration and finance services. Envest continues to seek out new businesses to invest in and acquisition opportunities for our partners, that align with our values, our investment pillars and our majority owned interests.

 

Our Insurance Broker Group

The Aviso Group is a national partnership of leading insurance brokers backed by Envest.

Aviso stands for Advice and Vision, and the Group provides a national and personal alternative to traditional broking groups. The Aviso goal is to leverage the local strengths and independence of each member with the strength of a national group. It is one of the first national broking groups to give customers the choice of dealing online or through more traditional advice models or a combination of both.

Aviso offers an alternative solution to the larger, established insurance broker group and currently comprises ten private insurance brokers across five states.

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Each member of the Aviso Group is fiercely independent, however by operating as a collective we can achieve the following objectives:
  • Creating a strong nationally recognised brand by consolidating marketing efforts
  • Providing a differentiated business model catering to all customers buying behaviours and service standards
  • Create a consolidated supplier strategy allowing the combined group to negotiate best in class service and more meaningful partnerships
  • Greater access to product, support and growth through niche schemes across the country pooling marketing efforts
  • Build a national business that nurtures entrepreneurial behaviour and attracts young talent, build succession and grow acquisitively
  • Shared back office/administration functions to enable Aviso partners to focus on growing top and bottom line at the same time

“The Aviso broker strategy is going from strength to strength, establishing relationships with all major insurers and key underwriting agencies and becoming a very attractive option for broker businesses looking for an investment partner.”

CRAIG ROBSON, CEO - Aviso Group
“Blue Zebra thoroughly enjoys the relationship that has developed with the Envest organisation. We have worked with Greg and the team since before Blue Zebra’s official creation. The culture of the Envest group is always open and collegiate, with business opportunities shared where ever possible. The various arms of Envest appreciate the entrepreneurial spirit of the group, that works together to enable both organic and acquisitive growth and assist organisations like Blue Zebra to meet their potential.”
COLIN FAGEN, MD - Blue Zebra

Underwriting Agencies

Envest has a mix of direct to consumer and intermediated insurance products servicing niche and targeted growth markets.

Envest Direct Agencies

Envest has interests in four underwriting agencies which sell insurance products directly to customers. These agencies;

  • Are unique branded agencies with niche target markets and/or innovative product
  • Have agreements with an established media channel and/or brand aligned with a specific target market
  • Use a low-cost distribution model (IT underwriting platform)
  • Have the capacity to share administration and back-of-house services to create efficiencies and cost savings in the group.

Intermediated Underwriting Agencies

Envest has seven underwriting agency partners servicing the broker market and the majority have been funded since start-up. Our intermediated underwriting partners;

  • Deliver niche and innovative product lines in marine, aviation, personal accident, agriculture and heavy motor
  • Create a natural fit for the insurer in terms of risk appetite without a myriad of conflicts and provide distribution opportunities and further product development
  • Are run by owner-operators that have intimate knowledge and experience in their niche (best in class)

Through our Envest Ecosystem, we seek to leverage our industry relationships to connect agencies with brokers.

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Some highlight successes of our underwriting agencies include:

Club 4X4 – Club 4X4 was formed around a campfire, when a group of like-minded 4X4 enthusiasts made the decision to approach and partner with an insurer to develop a specialist insurance product for the 4×4 market to cater for those of us who enjoying going off the beaten track.

Envest took a minority interest in Club 4×4 during the start-up phase and assisted with creating a partnership with the Hollard Insurance Company Pty Ltd (Hollard), an Australian licensed and regulated insurer.

Allstate Underwriting – Allstate Underwriting was “born in the bush” in 2008 when a group of regional brokers came together to debate how best to fill a void in the market at that time. It’s strategy today is underpinned by service excellence in both underwriting and claims.

Blue Zebra Insurance – Australian owned and innovation driven, Blue Zebra believe passionately in the role of the advice model in insurance. Blue Zebra empowers brokers with access to a simple, digitally enabled insurance process, from obtaining a quote to settling claims.

Blue Zebra received the 2019 Australia Insurance Business award for Best Digital Strategy – Underwriting Agency and has been nominated in 2020 for Underwriting Agency of the Year and Best Digital Strategy – Underwriting Agency.

Insurance Related Investments

Envest insurance related businesses support and complement our broker and agency partners and provide diversification of our investment portfolio. Leverage is achieved through cross selling, collaborating and creating efficiencies.

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Key businesses in our insurance related sector include:

Claim Central – Providing claims management services, claims technology and real-time data insights. Claim Central has grown from a modest Australian base into New Zealand, South Africa and United States.

Wealth Architects – Wealth Architects is a privately-owned national financial advisory practice with representatives in Melbourne, Sydney and Brisbane. Bringing together a network of experienced practitioners, Wealth Architects provides outstanding customer service and continue to thrive in an industry that has come under a lot of scrutiny in the last few years.

Insurtech Gateway Australia – Insurtech Gateway Australia provides seed funding and a three-month incubation period to test insurtech products and services in the market.

“Envest genuinely backs the true entrepreneur and have always over-delivered on their commitments to us. We are lucky to enjoy a collaborative partnership with Envest and proud to have them as a key element of our business.”
Brian Siemsen, Founder & CEO