British Insurance Brokers' Association (Biba)
Biba service tops 40,000 at five-year signposting anniversary
The British Insurance Brokers’ Association’s signposting service has received 41,330 enquiries from people with pre-existing medical conditions and disabilities seeking protection insurance, the trade body has confirmed.
Premium finance: industry welcomes Supreme Court appeal and hopes for clarity
As evidenced by differing actions by premium finance specialists in recent months there are differing views in the market, but the hope remains that a Supreme Court case on motor finance, to be heard on 1-3 April, can help to bring clarity.
Flood Re promises more educational material for brokers in 2025
Flood Re is developing a series of new learning and educational materials for brokers and the wider insurance market for the new year, after recent changes to the scheme.
Biba unveils ‘A New Era’ as 2025 conference theme
The British Insurance Brokers’ Association has revealed that ‘A New Era’ will be the theme for its 2025 conference to be held on 14 and 15 May in Manchester.
Broking Success: Bletchley’s Angela Irvine
Angela Irvine, sales director of Bletchley, outlines how the Birmingham-based broker is looking to build on its solid foundations whilst its independent status is unlikely to change anytime soon.
Brokers raised concerns to Biba on initial FCA ‘name and shame’ proposals
Brokers raised concerns to the British Insurance Brokers’ Association about the Financial Conduct Authority’s original transparency proposals, the trade body has confirmed to Insurance Age.
FCA makes “significant changes” to ‘name and shame’ proposals
The Financial Conduct Authority is making four “significant changes” to its initial transparency proposals labelled ‘name and shame’.
Analysis: Placement strategies – are brokers turning the tables?
What is driving brokers’ decisions on which markets they use? While once it was insurers holding the aces, it now appears the boot is on the other foot, finds Rachel Gordon
Government to consult on leasehold commission ban “very shortly”
The Government has revealed it plans to consult on a proposed ban on leasehold insurance commission next year.
Biba welcomes decision to not use term ‘ghost broking’ in new Fraud Charter
The British Insurance Brokers’ Association has welcomed the replacement of term ghost broking with ‘illegal insurance firms’ in the new Home Office Insurance Fraud Charter published last week.
Rise in IPT would put greater strain on brokers trying to reduce underinsurance
With the Autumn Budget set to be released tomorrow (30 October) by the UK government, the question over whether insurance premium tax will be increased lingers as industry practitioners weigh in.
FCA non-financial misconduct survey ‘uncomfortable reading’ – CII
Insurance industry bodies and practitioners have welcomed the Financial Conduct Authority publishing the findings of its non-financial misconduct survey and see opportunity to drive change.
Obituary: David Slade, 19 February 1944 - 4 October 2024
The much respected and revered broking figure David Slade, a past winner of the UK Broker Awards Achievement Award and launch chair of the Faculty of Insurance Broking, has passed away aged 80.
Premium finance review welcomed as EY warns of ‘heightened regulatory scrutiny’
Industry practitioners have broadly welcomed the Financial Conduct Authority launching a review into premium finance.
FCA launches review into premium finance “fair value” and barriers to competition
The Financial Conduct Authority has launched a review, known as a competition market study, to see whether people who borrow to pay for motor and home insurance are receiving fair, competitive deals.
Broker Expo 2024: Education part of solution to cyber cover confusion
Specialist insurers can provide cyber cover expertise and training to brokers to build confidence, according to experts at the Broker Expo 2024 in Birmingham.
Broker Expo 2024: Biba encouraged by ‘step-change’ in FCA’s approachability
Head of regulation for the British Insurance Brokers’ Association David Sparkes told delegates at Insurance Age’s Broker Expo yesterday that he is encouraged by the fact that the Financial Conduct Authority is being more receptive to feedback.
Experts say industry is improving on fair value despite FCA criticism
The Financial Conduct Authority’s findings that brokers are still struggling to provide evidence that their remuneration is consistent with fair value rules has sparked mixed reactions among people working in the sector. Ida Axling explores the fallout…
UK Broker Week: Steve White reflects on his career
In the second of a two-part series ahead of UK Broker Week, Henry Moxon caught up with another UK Broker Award winner, former Biba CEO Steve White.
PwC tips Northern Irish motor premium to drop 15% after Government review
Motor insurance premiums for Scottish and Northern Irish drivers have been tipped to decrease by an average of £60 (10%) in Scotland and £90 (15%) in Northern Ireland following a Government review.
Broker Expo 2024 Countdown: Biba CEO Graeme Trudgill
As we count down to Insurance Age’s Broker Week, we asked our Broker Expo speakers to share some insights into the event, market issues and reveal their favourite chocolate bar. Today, we focus on the British Insurance Brokers’ Association CEO Graeme…