UK Broker Summit 2016: Brokers get ready for the Insurance Act

Five key points to keep in mind about the new legislation ahead of its implementation in August.

A panel of industry experts at Insurance Age's UK Broker Summit 2016 believe that while many of the new rules in the Insurance Act are considered to be good practice among players in the industry, there are still going to be issues for brokers to deal with.

Steve White, chief executive officer of the British Insurance Brokers' Association (Biba), said broker members had expressed keen interest in the Act and stated that there were still more questions than answers about what would happen when it

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