Biba CEO White reveals rate movement report plan
British Insurance Brokers' Association (Biba) CEO Steve White has revealed that the trade body is looking into publishing a report that plots rate movements for a basket of insurer risk.
On speaking about Biba's latest set of financial figures, White confirmed that the trade body is looking into how best to invest its cash at bank and in hand.
For the year ended December 31 2012 this amount jumped 18% to £4m from £3.4m the previous year.
And he told Insurance Age: "We are having a look at maybe some sort of index, publishing a report that plots movements - a basket of insurer risk.
"It would look into what would the man in the street be spending on his home, car or travel
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