Reflecting on the primary 25 Years of LMI Group – Prof. Allan Manning’s Blog

Today marks LMI Group’s quarter century of service to the insurance coverage business and wider communities.

What higher option to replicate on all that our devoted workforce have completed however listing 50 highlights from our first 25 years that you could be not know (or have forgotten) the Group. As an apart, I attempted to slender this right down to 25 for 25 however I used to be over this in our first 10 years. I’ve nonetheless dropped fairly a number of off to maintain it to 50.

1. LMI Group start buying and selling on twenty fifth February 1999 with 3 Divisions. Loss Management International (Post loss Claims Preparation and Loss Adjusting), Risk Management International (Pre Loss coverage program evaluations and enterprise interruption sum insured evaluations), and Claims Management International (Post Loss Third Party Administration companies) primarily based in Melbourne, Australia.
2. February 2000: Development of first Training Module – Business Interruption. Now dozens of face-to-face coaching modules have been developed with over 2,000 classes held.
3. May 2000: First handbook Policy Comparisons developed.
4. May 2002: First of now 17 books on insurance coverage and threat administration launched. The first was Business Interruption Insurance and Claims quickly to be printed in its sixth Edition.
5. March 2003: LMI Sydney workplace opens.
6. October 2003: LMI PolicyComparison.com launched at NIBA Convention.
7. July 2003: LMI Brisbane workplace opens.
8. March 2005: LMI ContinuityCoach and LMI PolicyCoach developed.
9. May 2005; LMI Group founder Allan Manning awarded Doctorate after 6 years of analysis on enterprise survival put up insured loss.
10. June 2005: LMI Group open first New Zealand workplace.
11. July 2005: LMI Group granted Financial Services Licence 283777.
12. December 2005: After 1600 hours of analysis the three quantity Understanding the ISR Policy revealed.
13. April 2006: LMI launch the NoTaxOnInsurance Campaign which working with different initiatives within the business was profitable in having Fire Service Levy eliminated in Victoria in August 2010 and hopefully shortly in New South Wales.
14. June 2006: Policy Drafting and proof studying companies start.
15. January 2007: LMI South Australian Office opens.
16. May 2007: LMI BIcalculator.com and BI Explained Launched.
17. June 2007: LMI Group Pte Ltd, LMI Group’s Singapore workplace opened.
18. October 2007LMI develop and introduce 20% Catastrophe uplift of Business Pack insurance policies with insurers and brokers with an awesome social aware.
19. August 2008 : LMI PolicyComparison.co.nz & LMI BIcalculator NZ launched at IBANZ Conference.
20. December 2008: LMI Group open LMI Western Australia workplace.
21. May 2009: LMI first introduce 80% co-insurance into the Australian ISR coverage with the help of brokers and insurers with an awesome social aware.
22. July 2009: LMI Group open ACT workplace.
23. August 2009: LMI introduce our Technical Advice line subscription service.
24. September 2009: LMI RiskCoach launched.
25. March 2010: Launch of LMI Mobile Under-insurance Calculator, believed to be the world’s first iPhone software for the insurance coverage business.
26. July 2010: LMI Group awarded Innovation of the Year 2010 Award on the Australian & New Zealand Insurance Industry Awards.
27. October 2010; LMI Group receives Gold Award for Knowledge Management from the actKM Forum 
28. December 2010: LMI Group’s Chairman Dr Allan Manning included in topmost influential individual in Australian threat insurance coverage by InsuranceNews. This was repeated one other 8 occasions.
29. January 2011: First turnover primarily based enterprise interruption wording for all SME companies drafted and first coverage offered by first insurer inside 1 hour of launch.
30. January 2011: LMI OnLineBrokerTools launched in South Africa.
31. May 2011: LMI launch BIcalculator.co.uk at British Insurance Brokers Association Conference in UK.
32. May 2012: LMI launch PolicyComparison.co.uk at BIBA Conference in UK – May 2012
33. August 2012: LMI’s Chairman Dr Professor Allan Manning awarded the Life Time Achievement Award by ANZIIF on the Australian Insurance Industry Awards.
34. August 2013 LMI Claims.Comparison.com launched.
35. September 2013: LMI Legal, a regulation agency specialising in simply insurance coverage regulation launched.
36. March 2014: LMI Forensic, a specialist division concerned in all monetary and financial losses, econ and enterprise interruption evaluations.
37. September 2014: LMI Gold Coast Office opens.
38. September 2014: LMI Tasmania workplace opens.
39. January 2016: LMI purchase minority share transferring to full possession in July 2020 of LMI College of Insurance and Risk. a registered coaching organisation offering each accredited {qualifications} and a Continuing Professional Development portal.
40. October 2016: LMI Co-host a convention in Bengkulu Indonesia to have fun the 250th anniversary of Carter v Boehm the 1766 English court docket case that established the first precept of insurance coverage: that each one events have to act with Utmost Good Faith.
41. March 2017: LMI RiskCoach on the Go cell phone app launched.
42. April 2017: The US model of LMI BIcalculator launched on the 2017 RIMS (Risk Insurance Managers Society) Conference, Philadelphia.
43. July 2017: LMI co-found The Mansfield Awards for Claims Excellence with Insurance News. LMI admire and thank the long-term sponsors of the awards: Steadfast Claims Solutions and iCare.
44. November 2017: LMI opens Northern Territory Office.
45. January 2018: LMI Group win approval for a grant from the State Government of Victoria beneath their Design2Trive program.
46. August 2018: Aequum Adjusters shaped; a separate firm wholly owned by LMI Group as a specialist loss adjusting follow.
47. April 2019: LMI Founder, Dr Allan Manning delivers keynote speech on the inaugural History of Insurance and Business Conference held in Seville, Spain.
48. May 2019: LMI win 2019 Insurance Business Awards – Service Provider of the Year.
49. July 2020: Responding to the elevated consciousness in psychological well being brought on by pure disasters and the stress from navigating insurance coverage claims, LMI launch Mastering our Minds Psychology headed by a Doctor of Clinical Psychology: Dr Susan.
50. 1999-2024 LMI Group firms attend each main pure and artifical catastrophe in Australia and New Zealand similar to floods, cyclones and storms, hailstorms, tornados & windstorms, bushfires, earthquakes, pandemics, in addition to abroad losses similar to riots in Tonga, cyclones in Fiji, Riots and Civil Commotion in Papua New Guinea.

I wish to thank the nice workforce of pros who’ve contributed to the longevity and success of LMI and to all our prospects lots of whom have turn into lifelong associates.

We have much more that we wish to do for the business, and the insuring public, however we want your persevering with help. When contemplating who to entrust along with your shoppers declare with, or regardless of the challenge could also be, please take into account us right here at LMI Group.

Please replicate on what we now have performed for you and the business thus far in addition to the {qualifications} and 1,500 years of mixed expertise of our workforce. Has anybody in our area performed extra?

Thanks once more to all that made our journey thus far attainable. The workforce and I look ahead to working with you lengthy into the long run.