Reg UK reveals where brokers can access Biba’s standard Toba
The standard agreement, which Biba said can save brokers up to 80 hours of work, can now be issued via the RegTech platform.
Reg UK has added the standardised Toba template, launched by the British Insurance Brokers’ Association earlier this week, to its online agency management platform.
It is now available to its 3,000+ registered brokers.
According to a statement the RegTech firm believes that paper-based on-boarding and Toba issuing processes are not only time-consuming but also represent a significant economic and opportunity cost to Toba issuers, recipients, and the market as a whole.
The provider said that
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