Biba takes action on FCA coronavirus warning
The trade body has pledged to support members as the regulator insists all firms must have contingency plans in place to deal with major issues such as Covid-19.
The British Insurance Brokers Association (Biba) has pledged to support its members amid the increasing spread of Covid-19, a coronavirus, in the UK following a statement from the Financial Conduct Authority.
A spokesperson told Insurance Age that it was monitoring government advice and intends to make members aware of the FCA warning.
The statement, which was published on the watchdog’s website today (4 March), said: “We expect all firms to have contingency plans in place to deal with major
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