British Insurance Brokers' Association (Biba)
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.
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…
Broker Expo 2024 Countdown: David Sparkes of Biba
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 regulation…
Biba calls on FCA to remove large SMEs from scope of Consumer Duty
The British Insurance Brokers’ Association has called for larger commercial customers to be removed from the scope of the Consumer Duty
Which? sounds the alarm again on “eye-watering” motor and home insurance interest rates
Research by Which? has revealed the average annual percentage rate for motor insurance on monthly premium finance at 22% and 20% for home policies.
Biba calls for IPT cut in Autumn Budget
The British Insurance Brokers’ Association has urged the government to cut the headline rate of insurance premium tax from 12% to 10% in the Autumn Budget on 30 October.
Biba and MGAA reveal formal affiliate status
The British Insurance Brokers’ Association and the Managing General Agents’ Association have become affiliates in a move they flagged formalised their working relationship.
Marsh and LMG leaders call for proportionate regulation at parliamentary session
Chris Lay, CEO of Marsh McLennan UK and of Marsh in the UK, and Caroline Wagstaff CEO of the London Market Group, have called for proportionate and agile regulation of insurance in an evidence session at Parliament.
People Moves: 26 - 30 August 2024
Keep up to date on the latest personnel changes in insurance.
Biba and Flood Re team up on BBB regional push
Flood Re has teamed up with the British Insurance Brokers’ Association as part of its plans to develop wider understanding across the broking community about the mechanics and benefits of the Build Back Better scheme.