Resisting Toba change would be “lunacy” – Tim Ryan
Chairman of Biba’s committee urges industry to back new offering.
Tim Ryan has hailed the launch of the British Insurance Brokers’ Association’s (Biba) standardised Toba template.
According to the trade body taking up the template will save 80 working hours, reduce bureaucracy and increase productivity.
“The absolute logic is that driving out frictional cost and bureaucracy has to be a good thing,” Ryan summed up.
Ryan, a Biba main board member and chairman of its Toba committee, told Insurance Age that the association had spent two years on the project.
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