Brokers support Biba's industry standardised Toba
Experts urge brokers to challenge their insurer panels to utilise the new template.
Brokers have welcomed the British Insurance Brokers’ Association’s (Biba) new industry standardised terms of business agreement (Toba), which was launched last week.
According to the trade body, the offering, available for use now or in the future, will provide a base platform for the broker-insurer relationship which can be amended, added to or reduced as required.
It added that using the Toba could save brokers up to 80 hours of work as well as reducing bureaucracy and increasing
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