Biba says members are taking action to tackle dual pricing
A report from the trade body shows brokers are engaging with its Guiding Principles and Action Points to address dual pricing practices in the home and motor insurance sectors.
Brokers are taking action on dual pricing and working in the best interest of long-standing customers, according to a survey by the British Insurance Brokers’ Association (Biba).
In May 2018, Biba and the Association of British Insurers (ABI) launched a set of Guiding Principles and Action Points (GPAP) to address market issues that lead to excessive differences between new customer and renewal premiums in motor and home insurance.
In a report published today (10 July), Biba said it had
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