James Sharp on why a proposed annual levy on ARs amounts to a tax on small brokers
While insurance experts have welcomed the regulator's new rules on pricing, coming into force in January 2022, some warn that the reforms will present challenges for the sector.
The broker will continue to deliver professional indemnity support to members for the next three years amid “challenging conditions”.
The trade body previously partnered with DTW Syndicate 1991, which went into run-off at the end of last year, on the scheme.
Panelists point to encouraging progress for diversity and inclusion in insurance.
Next year’s conference is set to take place at Manchester Central, restrictions permitting.
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
The FCA’s Matt Brewis discusses product value, business interruption insurance and the test case, challenges around PI and why the time is right to focus on cyber insurance.
Biba welcomes the move to slash the total broker contribution by half, as it brands the original forecasted levy as "grossly unfair".
The economic secretary to the Treasury tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference yesterday.
The move follows difficulties accessing the virtual conference platform yesterday.
Sioma Insurance Consultants' Alex Margolin wins the award, which Biba says recognises the performance of younger brokers and encourages commitment to the future professionalism of insurance broking.
Frampton, formerly of Forces Insurance, sadly passed away earlier this year.
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
Delegates are unable to log in to the platform as the trade body blames wider server issues and apologises for the problems.
Biba's Steve White says trade body will provide assistance if members ask for it, but a charter similar to the one launched by the ABI is not on its agenda, while brokers say they are already embracing flexible working.
The key job changes in the world of insurance this week.
The new rules that affect travel insurance providers come into force on Monday, 26 April.
Head Lines: The survey will benchmark the health of people working in the insurance sector for the first time.
Biba’s Mike Hallam outlines some key strategies for brokers to help them assess the financial strength of providers.
Brokers can use the portal to process adjustments and share documents with clients.
Blanc says there are still far too many barriers blocking women’s progress in financial services, as HM Treasury notes over 400 signatories have committed to helping women progress into senior roles and setting targets for gender diversity.
Trade body says the scheme is underwritten by A+ rated capacity and will help brokers access cover for a range of marine risks including cargo, freight liability, hull and liability cover for commercial vessels, commercial maritime operations, super…
Biba’s Steve White considers if regulators have gone too far in terms of the fees and levies they are asking for from insurance brokers