Biba 2016: Calls for more innovation support in GI
Biba highlights innovation barriers and calls for reduction in regulatory burden for brokers.
The British Insurance Broker's Association (Biba) has highlighted the barriers to innovation in general insurance.
The move follows a consultation paper on draft innovation for financial services published by HM Treasury.
The association said that the sheer weight of regulatory change that the insurance broking community has had to deal with over the last few years, from the Financial Conduct Authority (FCA) and the Competitions and Markets Authority (CMA) has resulted in a significant amount of
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