Insurers rally against Biba survey

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Providers refute trade body’s research into stricter claims payouts

It would take quite a lot of head scratching to recall the last time the British Insurance Brokers’ Association (Biba) stirred up quite so much controversy.

However, the trade body’s headline-grabbing survey, called ‘Insurance brokers adding value in the claims process’, certainly whipped up a storm. It came with the statement ‘Brokers fighting for fairer insurance payouts’, and found that 90% of insurance brokers believe that insurers are becoming stricter on paying claims.

At the time, the

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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