Biba 2012: survey reveals broker regulation fears
Three quarters of brokers claim regulation is the main issue facing their business.
A member survey carried out on behalf of the British Insurance Brokers' Association has revealed that, when asked which issues they wanted Biba to represent to government, nearly 90% said more appropriate and proportionate regulation, 80% said more cost effective regulation and nearly 75% said reform of the FSCS.
Out of 75% of brokers finding the cost of regulation an issue, 10% rated it as having a 'critical impact' and a further 90% as 'some negative impact'.
When asked what Biba's focus
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