The British Insurance Brokers’ Association (BIBA) has launched a new sanctions checking facility that should help members comply with the Terrorism Act and the Financial Services Authority’s (FSA) financial crime requirements. The facility, which is provided by Sanctions Search, allows BIBA members to screen their client lists against HM Treasury’s UK Consolidated Financial Sanctions List, [...]
The British Insurance Brokers’ Association (BIBA) is merging with the Institute of Insurance Brokers (IIB), with a number of IIB board directors joining BIBA’s board from today. Notably, IIB chief executive, Barbara Bradshaw, has become a BIBA board and executive member, reporting to the Association’s chief executive, Eric Galbraith. In her new role, she will [...]
The British Insurance Brokers’ Association (BIBA) has embraced “Shaping our Futures” as its 2012 conference and exhibition theme. The title reflects BIBA’s role in picking up the issues affecting brokers and taking the lead in driving through change in the insurance industry, with the support of its members. A busy year ahead then, as economic [...]
The Financial Services Authority (FSA) is to restart its Financial Services Compensation Scheme (FSCS) funding review. The review began in October 2009 but was put on hold 12 months later due to uncertainties around the impact on the FSCS of UK regulatory reform and ongoing developments in the EU. However, HM Treasury has now published [...]
The British Insurance Brokers’ Association (BIBA) has announced that Andy Homer will become the trade association’s chairman in January 2012. Homer was most recently the group chief executive officer of Towergate Insurance and will take up a non-executive position on the insurer’s board. He brings four decades of experience in the sector to his new [...]
The British Insurance Brokers’ Association (BIBA) has relaunched its website as a central resource for members and included a new “Find a Broker” search facility aimed at promoting insurance brokers to customers. “Find a Broker” previously received around 30,000 hits per month and the upgrade includes a prominent “quick search” tab on the BIBA homepage, [...]
The British Insurance Brokers’ Association (BIBA) has come out in favour of the Financial Services Authority’s (FSA) proposed guidance on the selling of general insurance policies through price comparison sites. Aggregators are not currently subject of any specific FSA rules and BIBA has fully endorsed the new draft guidelines, highlighting its top issues as follows: [...]
The British Insurance Brokers’ Association (BIBA) has welcomed the new warning letters being sent from today to registered keepers identified as having an uninsured vehicle under Continuous Insurance Enforcement (CIE) legislation. CIE makes it an offence to keep an uninsured vehicle unless it has a Statutory Off Road Notification or is exempt, and it comes [...]
The British Insurance Brokers’ Association (BIBA) has presented a 7,000 signature-strong petition to Parliament regarding the funding of the Financial Services Compensation Scheme (FSCS). BIBA argues that the increase in FSCS levies on insurance brokers during the last three years has been caused by the failures of credit brokers, who have mis-sold payment protection insurance. [...]
The British Insurance Brokers’ Association (BIBA) has pledged its support for the Government’s signposting proposals, which are aimed at maximising the likelihood of older customers finding insurance. Signposting is a system whereby brokers and insurers will direct people to a suitable provider should they be refused cover on the basis of age, and the proposals [...]
The British Insurance Brokers’ Association (BIBA) and the Institute of Insurance Brokers (IIB) have confirmed that they are in formal discussions regarding a merger. BIBA chairman, Patrick Smith, made the announcement during today’s opening address of the BIBA 2011 conference and exhibition in Manchester. The Association’s chief executive, Eric Galbraith, commented: “I strongly believe that [...]
The British Insurance Brokers’ Association (BIBA) is arguing that the regulatory burden imposed on the UK insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays. Research from BIBA claims the current regime is “disproportionate and inappropriate” with costs for brokers in the UK currently three times higher than [...]
The British Insurance Brokers’ Association (BIBA) has secured an agreement with the Government’s Export Credits Guarantee Department (ECGD) to provide general insurance brokers with access to the ECGD’s export insurance scheme. The move means that BIBA members can now use the scheme to arrange insurance for UK exporters against non-payment by their overseas buyers. In [...]
The British Insurance Brokers’ Association (BIBA) has appointed AllClear Insurance as the provider of its new non-standard medical travel scheme. AllClear is a market leader in providing travel insurance to those with pre-existing medical conditions and the move will allow BIBA to enhance its existing travel offering. Available from today, BIBA Medical Travel allows members [...]
The British Insurance Brokers’ Association (BIBA) is calling on the Financial Services Authority (FSA) to accelerate its fundamental review of the Financial Services Compensation Scheme (FSCS). The Association’s chief executive, Eric Galbraith, is clearly alarmed by recent comments from the FSA which suggest the review might not be as high a priority for the regulator [...]
The British Insurance Brokers’ Association (BIBA), in conjunction with the DVLA and the Motor Insurers’ Bureau (MIB), is reminding motorist that a new law, to be rolled out in late Spring, will mean that they must keep a vehicle insured unless they have notified the DVLA that it is being kept off-road. Details of the [...]
The British Insurance Brokers’ Association (BIBA) has joined forces with Broking Now!, the insurance broker omnibus research panel from FWD Marketing. The panel, which consists of a wide-range of business placing brokers, aims to provide a voice to the broking sector through independent research. BIBA will use its research to support lobbying campaigns and in [...]
The British Insurance Brokers’ Association (BIBA) has appointed Perkins Slade as a scheme provider for credit management products and services. The new scheme, exclusively for BIBA members, includes special commission arrangements, preferential rates and a wider scope of cover and product offerings. In addition, BIBA members can gain access to advice on credit risks and [...]
