The British Insurance Brokers’ Association (BIBA) is calling on the Government to implement an eight-point plan to reduce the spiralling cost of motor insurance. The Association’s recommendations, which have been submitted to the Transport Minister ahead of today’s Transport Select Committee meeting, include: The introduction of Continuous Insurance Enforcement; signposting to a relevant broker, particularly [...]
The British Insurance Brokers’ Association (BIBA) has appointed Broker Direct as a scheme provider, offering private motor and light commercial vehicle products. The move means that BIBA members will have access to a variety of motor vehicle products and a guaranteed fast-track agency application process. They will also benefit from access to BDAssistance, a breakdown [...]
Homeowners, travellers and motorists could be putting themselves at financial risk by cutting out or reducing key insurance cover that provides protection in the event of fire, flood, theft or an accident. So says the British Insurance Brokers’ Association (BIBA), which has raised the alarm following a survey in which 57% of broker respondents reported [...]
The British Insurance Brokers’ Association (BIBA) is calling on the Government to implement an eight point plan to reduce the spiralling cost of motor insurance. Addressing MPs at yesterday’s Transport Select Committee inquiry, BIBA’s head of corporate affairs, Graeme Trudgill, said: “We think the key priorities for the Government should be to introduce Continuous Insurance [...]
The Healthcare Focus Group of the British Insurance Brokers’ Association (BIBA) is to set up a working group to examine the issue of personal taxation and Private Medical Insurance (PMI). Tax concessions for the over 60s and how the removal of concessions have impacted on PMI sales will be included in the review and the [...]
The British Insurance Brokers’ Association (BIBA) has submitted a formal response to HM Treasury’s consultation paper on a new approach to regulation. Based on the comments of a cross-section of BIBA members, the two-part response answered the questions in the consultation paper and provided both quantitative and qualitative comments on the current regulatory regime. Putting [...]
The British Insurance Brokers’ Association (BIBA) has announced that “Opportunities in Adversity” will be the theme for its 2011 conference and exhibition, to be held at Manchester Central on 11th and 12th May 2011. The title has been chosen in recognition of the difficult economic conditions facing the UK, while at the same time giving [...]
New research from the British Insurance Brokers’ Association (BIBA) suggests that brokers are having to fight harder to get claims paid, with the body blaming stricter policy interpretations and insurers’ anti-fraud systems for the struggle. Sixty-seven per cent of BIBA members questioned said they had to get tough with insurers on behalf of customers, and [...]
The British Insurance Brokers’ Association (BIBA) has won the Commercial Initiative award at the Trade Association Forum Best Practice Awards. The accolade recognises BIBA’s development of a personal travel insurance offering, created in conjunction with Tokio Marine Europe. According to BIBA, the policy has helped reshape the UK travel insurance market by providing families with [...]
The likelihood that tax rises included in this month’s emergency Budget will embrace Insurance Premium Tax (IPT) has prompted the British Insurance Brokers’ Association (BIBA) to warn that such a move would prove counter-productive. The IPT rate currently stands at 5% and according to BIBA, a rise would only discourage recession-weary individuals and small firms [...]
The British Insurance Brokers’ Association (BIBA) has appointed Millennium Insurance as the exclusive provider of its new members’ scheme for payment protection insurance (PPI). Millennium, which is the distribution arm of Direct Group, will provide a product to be sold on a standalone basis, with or without a mortgage or personal loan. Key features of [...]
The British Insurance Brokers’ Association (BIBA) warns that damaged caused by misfuelling is not covered by nearly a third of motor insurance policies. According to the Association, 150,000 misfuelling incidents take place each year and in 95% of cases, drivers put petrol into a diesel vehicle because the wider diesel filler neck takes the narrower [...]
The British Insurance Brokers’ Association (BIBA) has issued advice for travellers affected by the disruption caused across the UK’s airports by a cloud of ash from a volcanic eruption in Iceland. The Association has confirmed that BIBA Protect travel insurance policies, underwritten by Tokio Marine Europe Insurance Limited and purchased from a BIBA broker, will [...]
New measures that will allow the electronic delivery of motor insurance certificates are about to become law. Proposed legislation before Parliament today will amend the Road Traffic Act 1988 and Motor Vehicle (Third Party Risks) Regulations 1972. New rules allowing a motor insurance certificate to be issued as an email attachment or accessed via a [...]
The British Insurance Brokers’ Association (BIBA) has partnered with Bluefin to provide a new members’ scheme for Directors & Officers (D&O) insurance. Bluefin is already a BIBA scheme provider, having run MotorRiSK BIBA for almost four years. The new policy, which includes a number of exclusive benefits to BIBA members, is underwritten by ACE European [...]
The British Insurance Brokers’ Association (BIBA) is calling on the Government to do more to ensure that small businesses can survive a major incident. According to the Association, 80% of small businesses affected by events such as a fire, flood, an act of terrorism, or a pandemic close down within 18 months. However, research commissioned [...]
The British Insurance Brokers’ Association (BIBA) has announced that its online “find a BIBA broker” facility is to feature in Aviva’s next advertising push. The TV campaign, which begins in October, will encourage commercial customers to contact their local broker for advice, through an Aviva branded version of the BIBA search facility. BIBA is therefore [...]
The British Insurance Brokers’ Association (BIBA), The Law Society and The Association of British Insurers (ABI) have launched a guide to buying professional indemnity (PI) insurance for solicitors, providing a resource for the renewal process. According to the trade bodies, the solicitors’ PI insurance market is “complicated and unique with a specific policy wording and [...]
The recession is prompting insurers to make lower offers for claims. The suggestion comes from the British Insurance Brokers’ Association (Biba) which has been researching its members to find that the majority have been successfully fighting for increased payments over the past year. The survey found that 91% of brokers had secured an increased payment [...]
