Motorsport Australia has appointed MGA Insurance Group and Miller Insurance as the governing body’s new insurance broker partners.

Motorsport Australia CEO Sunil Vohra explained that the mandate was to build a world-class insurance broker representation model.

“This hybrid structure provides best practice Australian coverage with a focus on claims service, combined with access to a world authority in motorsport placement facing into the London markets,” Vohra said.

“This new partnership is part of building a contemporary insurance model that better aligns with a member-first strategy.

“This new structure is consistent with Motorsport Australia’s increased focus on the sport’s insurance and risk management program, leveraging global best practice and applying those learnings to all aspects of motorsport in Australia.”

MGA Insurance Group represents the local customer-facing arm, delivering a more responsive and dynamic claims service model, while Miller Insurance in London represent the organisation’s interests in the global insurance markets.

“When members need it, they will feel well supported through the claims process and Motorsport Australia’s representation into the global insurance markets will benefit from improved data analytics and motorsport expertise,” Vohra said.

Paul George, the Managing Director at MGA Insurance Brokers welcomed the new partnership.

“Being entrusted with the delivery of insurance and risk advisory services is a strong endorsement of our team’s capability and commitment,” George said.

“We look forward to working closely with Motorsport Australia’s leadership and supporting international placement markets to deliver meaningful outcomes. This marks the beginning of what we anticipate will be a strong and collaborative partnership for the future.

“Our team understands the unique risks involved in motorsport and is well equipped to deliver innovative, cost-effective insurance programs that prioritise safety, protection and long-term sustainability for Motorsport Australia, its members and stakeholders.”

Miller Insurance’s Head of Sport & Entertainment and Head of Europe, Tim Nagle said the group was pleased to partner with MGA Insurance Group to deliver a contemporary, world-class insurance program to Motorsport Australia’s members.

“As motorsport insurance specialists, Miller recognises the complex risks faced by governing bodies and clubs at all levels of the sport, Nagle said.

“This specialism, combined with our experience across the wider Sports & Entertainment risk landscape, enables us to shape best-practice insurance solutions that meet the unique demands of this sector.

“Our collaboration with MGA Insurance Group exemplifies our capabilities in Asia-Pacific, where we are leveraging deep market expertise and trusted carrier relationships to deliver tailored insurance solutions that support effective governance in sport across the region.”

Miller Insurance brings unrivalled motorsport insurance credentials. This insight combines with industry specific data analytics to inform best practice governance decisions and proactive risk management activities for Motorsport Australia.

Vohra continued by saying that the benefit to members, and the sport as a whole, is that the combined expertise helps to build an insurance model that is competitive and as affordable as possible.

“A strong representation of Motorsport Australia’s risk management profile into the London insurance markets will help put downward pressure on premiums, allowing more support for grassroots clubs and the organisation’s 12,000+ community of volunteer officials,” Vohra said.

“The new model establishes a world-class broker model to better position Motorsport Australia against global insurance trends of the last five years, where rising premiums have put pressure on all aspects of the sport. This partnership is strategic and helps to build a more sustainable future for motorsport in Australia.”

Motorsport Australia members can find more information regarding MGA Insurance Group and Miller Insurance at motorsport.org.au/insurance.