Young Insurance Professionals

What Young Insurance Professionals does

Young Insurance Professionals (YIPs) Australia and New Zealand Inc. is the largest independent, non-profit insurance industry body in Australasia focused exclusively on early-career insurance professionals. Founded in Melbourne in 2011, the organization operates 11 volunteer-run branches covering every Australian State and Territory plus Auckland, Wellington and Christchurch in New Zealand, serving over 5,000 members drawn from underwriting, broking, claims, risk management, loss adjusting, insurance law, accounting and adjacent service roles. Its core offerings are free membership with priority event registration and ticket discounts, CPD-accredited regional networking and educational events, graduate engagement programs, a centralized listing of industry competitions and scholarships, an annual Next Gen Insurance Leader Award co-developed with Barry Nilsson, and global network connections with BILA U35s, NGIN and YIPT.

YIPs runs no proprietary technology platform beyond a WordPress-based website (yips.org.au) with member login, an Eventbrite ticketing integration, and social channels on Facebook and LinkedIn; it has no API surface, mobile app, or AI/ML components. The organization is 100% volunteer-staffed, with governance distributed across a national executive committee (President, two Vice Presidents for Australia and New Zealand, Head of Finance, Head of Events & Communications, Head of Partnerships & Marketing, Head of Technology, Company Secretary, Financial Controller, Legal & Compliance) plus elected branch presidents in each of the 11 regions.

The business model is sponsorship-funded: revenue derives from platinum sponsorships (Barry Nilsson, Insurance Advisernet) and gold sponsorships (QBE, AIG, Liberty Specialty Markets, McLardy McShane, repX, Emergence, Marsh, NZI, Ando), with members paying nothing. Sponsors gain access to talent pipelines, thought-leadership content placement, graduate program promotion and brand association with the Next Gen Insurance Leader Award, while YIPs monetizes its 5,000+ member community through these relationships rather than member fees or event ticket margins.

Name

Young Insurance Professionals

Legal name

Young Insurance Professionals Australia and New Zealand Inc.

Website

https://yips.org.au

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Young Insurance Professionals (YIPs) is the largest independent, non-profit insurance industry body in Australasia, serving 5,000+ early-career insurance professionals across 11 volunteer-run branches in Australia and New Zealand via free membership, regional events, and the Barry Nilsson Next Gen Insurance Leader Award, funded by platinum and gold sponsorships.

Ownership category

akta.pro rank

GTM type

B2C

Offering type

Services

Cost components

Operations, Marketing or Sales, Personnel, Others

Revenue model

1. Sponsorship: YIPs operates as a non-profit organization funded primarily through platinum and gold sponsorships from insurance companies including Barry Nilsson, Insurance Advisernet, QBE, AIG, Liberty Specialty Markets, McLardy McShane, repX, Emergence, Marsh, NZI, and Ando Insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

YIPs is a non-profit membership organization that provides free membership and educational, networking, and developmental opportunities to over 5,000 young insurance professionals across Australia and New Zealand through 11 regional branches. Core offerings include CPD-accredited branch events, the annual Next Gen Insurance Leader Award with Barry Nilsson, graduate engagement programs, industry competitions and scholarships, and international network connections with peer organizations in the UK and Canada. The organization is entirely volunteer-run and funded by insurance industry sponsorships.

Product overview

Young Insurance Professionals (YIPs) Australia & New Zealand Inc. is a non-profit membership organization (not a software product) providing educational, networking, and developmental opportunities for young insurance professionals. The organization operates 11 branches across Australia and New Zealand with over 5,000 members. Its core offerings include free membership with event registration priority, the annual Next Gen Insurance Leader Award (sponsored by Barry Nilsson), graduate engagement initiatives, industry competition listings, and international network connections through partner organizations. The organization is run entirely by volunteers from the insurance industry and hosts regional networking events through local committees.

Differentiator

Problem solved

Functional benefit

Products and services

• Free Membership
• Next Gen Insurance Leader Award

Quantifiable outcome

• 86.7% of insurance professionals under the age of 35 would recommend joining the industry

Named customers8 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

14 partnerships are on record, tiered core and flagship.

• British Insurance Law Association (BILA) U35scoreStrategic or Co-development PartnerBILA U35s is the young professionals branch of the British Insurance Law Association. YIPs engages with this organization to benefit members who may wish to travel internationally or consider a move to the UK. The organization aims to offer education and encourage interest in insurance law through educational, social and networking events.
• Next Generation Insurance Network (NGIN)coreStrategic or Co-development PartnerNGIN brings together young professionals from across the entire insurance industry to help empower young professionals from all backgrounds and disciplines. They promote mentoring opportunities, host social and educational events and other networking opportunities.
• Young Insurance Professionals of Toronto (YIPT)coreStrategic or Co-development PartnerYIPT is a not-for-profit organization that brings together young professionals from across Toronto's insurance industry. Their mission is to build, connect and inform Toronto's young insurance community through networking functions, social and educational events.
• Barry NilssonflagshipGTM or Marketing PartnerPlatinum sponsor; exclusive law firm sponsor for 7 years; co-developer of Next Gen Insurance Leader Award with $5,000 prize; provides thought leadership content and webinars; supports YIPs events and committee involvement
• Insurance AdvisernetflagshipGTM or Marketing PartnerPlatinum sponsor; supports YIPs events and initiatives; provides career development resources and network access for young professionals
• QBEflagshipGTM or Marketing PartnerPlatinum sponsor in New Zealand; supports Next Gen Insurance Leader Award; hosts wellness events for YIPs members; provides graduate programs and internship opportunities; supports YIPs career fairs and networking events
• AIGcoreGTM or Marketing PartnerGold sponsor; provides thought leadership content; supports YIPs events and member initiatives
• Liberty Specialty MarketscoreGTM or Marketing PartnerGold sponsor; 5 years of sponsorship; supports YIPs events; provides thought leadership and CPD presentations; staff involved in leadership and committee roles within YIPs
• McLardy McShanecoreGTM or Marketing PartnerGold sponsor; invests in young people development; supports industry events and YIPs initiatives; provides UK Tour program including Lloyd's of London visits
• repXcoreGTM or Marketing PartnerGold sponsor; supports YIPs events and initiatives
• EmergencecoreGTM or Marketing PartnerGold sponsor; provides cyber insurance educational content; runs Cyber SyncUp events; supports broker education and industry awareness
• MarshcoreGTM or Marketing PartnerGold sponsor; supports YIPs across Australia and New Zealand; sponsors ANZIIF Rising Stars events; provides Launchpad Program and Rising Professionals Network for young professionals
• NZIcoreGTM or Marketing PartnerGold sponsor in New Zealand; 165+ year history; supports YIPs talent development initiatives; provides mentor programs and development courses
• Ando InsurancecoreGTM or Marketing PartnerGold sponsor in New Zealand; supports YIPs initiatives; provides career development content and wellbeing programs

Scale indicators3 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Insurance Council of Australia (ICA): Peak Australian insurance industry body representing insurers. Comparable as a membership-driven industry organization serving the ANZ insurance ecosystem, though focused on carrier-level policy and advocacy rather than young-professional development.
• RIMS (Risk and Insurance Management Society): Global not-for-profit for risk and insurance professionals, including a young-professional member segment. Comparable as a membership body serving insurance/risk practitioners, though much larger and internationally focused.
• ANZIIF (Australian and New Zealand Institute of Insurance and Finance): Australia/NZ's broader insurance industry body offering qualifications, CPD, and member services across all career stages. Overlaps with YIPs on professional development but targets the full industry rather than just young professionals.
• NIBA (National Insurance Brokers Association of Australia): Australian industry association representing insurance brokers, with its own 'Young Broker of the Year' award. Comparable as a membership organization serving insurance professionals, but focused specifically on the broking segment.
• AILA (Australian Insurance Law Association): Australia-wide association for insurance lawyers, with broader membership than YIPs but overlapping event and education programming for legal professionals in insurance.

Direct peers

• BILA U35s (British Insurance Law Association Young Lawyers): UK organization for insurance lawyers under 35, focused on education, social, and networking events. Listed as a mutual partner of YIPs and directly comparable as a young-professional industry body.
• Young Insurance Professionals of Toronto (YIPT): Canadian not-for-profit serving Toronto's young insurance community through networking, social, and educational events. Named mutual partner of YIPs and a near-identical organizational model in a different geography.
• Next Generation Insurance Network (NGIN): UK-based network bringing together young professionals from across the insurance industry for mentoring and events. Explicit mutual partner of YIPs and the closest functional peer in scope and mission.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/yipsanz
• LinkedInlinkedin.com/groups/3699716
• Xx.com/yipsanz

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Young Insurance Professionals