Biba calls for "appropriate and proportionate" regulation
The British Insurance Brokers’ Association (Biba) has formally responded to the HM Treasury consultation paper on a new approach to regulation.
Biba prepared and submitted a formal two-part response – based on the comments of a cross-section of members.
Biba responded to the questions in the consultation paper and additionally provided a paper providing both quantitative and qualitative comments on the current Financial Services Authority regime.
Putting the response into context, Eric Galbraith, Biba chief executive, said: “Insurance brokers pose a low risk to the objectives of the Consumer Protection and Markets Authority and care
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
MBP takes minority stake in £32m GWP broker
Insurance investment vehicle Minority Broker Partnerships has acquired a minority stake in Caleb Roberts Insurance Services, an independent agricultural and rural insurance broker operating across Mid Wales, Herefordshire and Shropshire.
Superscript secures Lloyds Bank SME insurance partnership
Digital insurance broker Superscript has been selected by Lloyds Bank and Bank of Scotland to provide business insurance to its small business customers.
Young brokers call for better knowledge retention when senior staff retire
A group of young brokers have called on the insurance profession to take a more deliberate approach to retaining and transferring the knowledge held by its most experienced people.
Fast and flexible policy changes ‘business-critical’ for commercial motor brokers
Over 80% of brokers described the ability to complete MTAs quickly and accurately as 'business critical' when dealing with commercial motor fleet policies, more than double on late 2024, according to broker research by Direct Commercial.
Ex-Broadway HNW boss launches new broker
Ex-Broadway director of private clients Eleanor Moore has launched Elm Risk Solutions as an appointed representative of Momentum Broker Solutions.
Pen added to Top 100 broker’s household panel
Source Insurance has added Pen Underwriting onto its home insurer panel to expand cover options across a wider range of household risks.
At least one ghost broking network uncovered every day
The Insurance Fraud Bureau has launched a national campaign after 596 suspected ghost broking networks were identified between October 2025 and September 2026.
Allianz teams up with Superscript on SME commercial insurance
Allianz UK is set to provide capacity for digital insurance broker Superscript’s landlord and tradespeople propositions.