CWBS provides Compliance and Business Support for Insurance Brokers to ensure they meet their license and business obligations.
Compliance
System Administration
training
Consultancy
Get on with servicing your clients and running your business whilst we at CWBS do the compliance and business support functions for you.
We can build compliance into your business so that you may
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Effectively manage your business risks
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Demonstrate compliance to your board of directors and regulators
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Free up your business resources
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Continue to meet your obligations to your clients
Why Compliance?
Not meeting your compliance obligations is a huge business risk.
Why is compliance so important to brokers?
If you can’t demonstrate effective compliance, you run the risk that:
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Directors and officers are not confident that they have met their duties and maybe concerned about their potential liability;
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Regulators may require you to operate under restrictions, or even revoke your license to operate; and your business reputation may be damaged by regulatory action;
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You may not have met your obligations to your clients, leaving in doubt the enforce-ability of transactions and diverting management time to resolving complaints;
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You may not enjoy continuing support from your shareholders and wider community.
Our Services
Compliance Assistance
Routine monthly Compliance assistance (complying with Licensing, other financial services laws, industry regulation and associated broking administration)
Client File Reviews
CBS System Administration
Assist with CBS system updates.
CBS administration including changes to wordings / insurers/ underwriters / APRA Form 701
Training
On-boarding new staff
Compliance 101
Company policy & procedures updates
CBS New User and Administrator
Consultancy
Ad Hoc Projects and regulatory change as required from time to time.
Updating company policies and procedures to ensure currency with requirements.
Why Us?
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Operational since 2012, CWBS can provide you with tailored solutions to compliance resourcing and training that is aligned to your business risk & compliance framework.
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We assist you and your staff to implement compliance.
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We can monitor and report on your compliance activities
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We are timely
Courtney Watts - Director
Courtney has been working in the Insurance Broking industry since 1998 and gained in-depth knowledge in Trust accounting, Database processing / support / administration, FSR Compliance requirements / implementation and Training in all of these areas.
Courtney holds a Certificate IV Compliance Management (GRCI), Certificate IV Training & Assessment, Certificate IV Bookkeeping & Tier 2 General Insurance Compliance.
CWBS has been assisting Insurance Brokers Australia Wide with their Business systems and Compliance requirements since 2012.
Jody McDowell – Compliance Coordinator
Jody previously worked in the Insurance Broking Industry servicing a diverse portfolio of clients since May 2006, Jody has experience as an Account Manager and processor and holds a Diploma of Insurance Broking.
Jody assists to ensure our Clients compliance framework, processes and documentation are in place to ensure they abide by their AFS License requirements.
Brian Salisbury – Austbrokers SPT
‘Courtney has been an important part of our team for more than 5 years. We were more than happy to appoint Court to consult to us on our compliance needs, due mainly to the long reltionship we had through her earlier career.
That faith has been vindicated in many ways over the years and she is our “go to” person for anything compliance related. She is always available, exceptionally reliable and provides a brilliant, knowledgeable service. Both staff and management here at SPT love working with Court.”