Majority of insurers silent on Biba's standardised Toba
No provider has yet committed to using it or given a timeframe for any potential implementation.
Some insurers are reviewing if they will use the British Insurance Brokers’ Association’s (Biba) new standardised terms of business agreement (Toba) which was launched last week.
At the time of the launch Biba said that widespread use of the template would deliver a “massive reduction in workload on all sides”.
However, none of the providers contacted by Insurance Age gave a firm commitment to using the document or offered a timeline for when this could happen.
In addition, AIG, Aviva, Axa
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