Larrissa Wade director of Gulf Island Insurance joined PSC Connect as a member broker six months ago. Gulf Island Insurance on Waiheke Island is dedicated to offering top-notch general insurance advice, fostering strong client relationships, and expertly identifying risks and exposures to secure the ideal coverage for clients.

We asked Larrissa how her journey is going with PSC Connect.

What is your background and experience in the insurance industry?

I have nine years of experience in the insurance industry. My career began as a Personal Lines Underwriter at AMP/Vero, where I worked for three years. Following this, I transitioned to the role of an Insurance Broker, focusing on Liability, Commercial, and Domestic insurance. Over the past six years, I have worked with leading firms such as Rothbury Insurance Brokers, Marsh McLennan and PSC Insurance Brokers.

 What attracted you to become a PSC Connect Member Broker over other opportunities available in the market?

PSC Connect stood out to me because of its impressive global reach and unwavering local support. Joining them was an easy decision – I get access to a wide network while still receiving personalised guidance tailored to my needs. The training, marketing, compliance assistance, technology platforms and sense of community have made a significant impact on my business.

How do you believe joining PSC Connect will help you achieve your personal and professional goals?

PSC Connect's focus on personal development ensures I stay updated and competitive in the insurance market. Plus, the network provides valuable industry connections for collaboration and growth. With PSC Connect, I know I will excel both personally and professionally.

 Are you happy with the level of support and resources provided by PSC?

Absolutely. PSC offers a tremendous amount of support including access to a range of tools and resources.

In the next 5 years, what do you think the challenges will be for brokers in New Zealand?

·        Environmental factors, economic uncertainty and challenges in a hard market

·        Consumer expectations and technology integration

·        Talent acquisition and retention

·        Regulatory compliance complexity

 How do you maintain a work-life balance while running your own business?

Maintaining a work-life balance while running my own business, especially while raising a six-year-old boy, is certainly a challenge, but it's achievable with the right mindset and self-motivation. Effective time management is crucial for me. I set fixed hours dedicated to productivity and ensure I stay organised. One of the greatest benefits of running my own business is the flexibility to set my own schedule. This allows me to attend my child’s school sports events and other important activities while balancing my work commitments. Owning my own business and witnessing its growth is incredibly motivating and rewarding. I am excited about achieving many milestones both as a business owner and as part of the PSC network.

What advice would you give to someone looking at starting their own broking business?

If you're considering starting your own broking business, my advice is to carefully evaluate the brokering networks available in the New Zealand market. It's important to choose a network that aligns with your values and offers continuous support. For instance, Dave Penfold and his team at PSC provide me with extensive support and guidance. Their step-by-step process made setting up the business much more manageable and less daunting. Finding a network that offers this level of assistance can make a significant difference. 

If you are interested in starting your own broking buisness give Dave Penfold (021 409 400) a call to discuss your options.

June 2024