Biba to increase fees by 2.5% for 2018

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The British Insurance Brokers’ Association (Biba) is to increase the fees it charges to members by 2.5% in 2018, Insurance Age can reveal.

CEO Steve White confirmed that the fees would be going up next year and argued: “Our fees have an inflationary increase year-on-year and that’s what we have for next year.”

He added: “We have never increased the fees by more than 3% in any one year but like any business we have increased costs.”

White insisted that the organisation had done a lot to “add

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