The Blog Spot: Time to talk Tobas
Following the launch of Biba’s industry standardised Toba, Ida Axling calls on insurers to listen to what the brokers want.
Unlike many politicians the British Insurance Brokers’ Association (Biba) last week successfully delivered on one of the points from its 2018 manifesto.
The trade body unveiled a standardised terms of business agreement (Toba) which it claimed, if used, could save up to 80 hours of work for brokers.
Unsurprisingly brokers were very supportive of the new document stating that as well as time it would save them a lot of hassle.
Basically, they could focus on only looking at addendums, safe in
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