The Insurance Brokers Association of Nova Scotia (IBANS) was formed in 1949 by Chesley D. Ritchie MacCoy to be the voice of the independent broker in Nova Scotia. IBANS is a voluntary membership organization operated by a board of directors drawn from its membership, and serves the interests of more than 1,100 independent insurance brokers in Nova Scotia. By working collaboratively, IBANS members
have created a business environment that helps individual brokerages to prosper. IBANS is a member of the Insurance Brokers Association of Canada (IBAC), a national trade organization, that brings together 11 provincial associations of Property and Casualty (P&C) insurance brokers in Canada. The Core Objectives of IBANS are:
- To enable member brokers to approach stakeholders in an organized fashion with common concerns about insurance issues in Nova Scotia.
- To be a resource to government and industry partners.
- To address the common concerns of the brokerage community.