The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.
The trade body said in its accounts that it was “indemnified against significant financial loss” and is now looking at how it can host future events.
A report from the trade body shows brokers are engaging with its Guiding Principles and Action Points to address dual pricing practices in the home and motor insurance sectors.
The July issue of Insurance Age is available via digital platforms only due to Covid-19.
Move follows Searchlight's purchase of a majority stake in GRP, which saw a number of management changes.
As part of Applied Broker Week, Biba's Graeme Trudgill stands up for the brokers who have worked through the Covid-19 crisis with aplomb and insight.
WorldFirst has joined the trade association and will offer members the ability to make international transactions.
Commission and transparency row rears its head just as brokers feel the pinch amid market hardening
Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Experts say the insurance sector has been “traumatised” by the prospect of unintended coverage for business interruption related to coronavirus.
Trade body says brokers are acting in their customers' best interests and are following FCA rules on remuneration.
There is no provision for equivalence in the IDD and this means brokers with EU clients need to set up EU entities to trade in the bloc.
How have brokers been both challenged and supported as the industry gets to grips with adapting to the demands of coronavirus?
Biba CEO Steve White says trade body worked with the government, the ABI and the Confederation of British Industry to find a solution after brokers in the trade credit sector said they found it “extremely difficult” to place new business.
The solution provides cover for customers who struggle to find travel insurance because of pre-existing medical conditions or age.
Executive director Graeme Trudgill urges sector to look at a long-term solution as he highlights that the industry does not have enough money to cover claims arising from the coronavirus crisis.
Board members serve a maximum term of six years.
Challenging times require lateral thinking: By collaborating the sector can help customers and each other through the pandemic, says Steve White
Experts have warned that business interruption could be “the next PPI for brokers “as FCA seeks legal clarity on BI wordings.
HM Treasury confirmed to Biba that small and medium-sized brokers are eligible for the scheme.
Reports state star chef Raymond Blanc has slammed Hiscox for not paying out after he was forced to close his restaurants and pubs in the wake of the coronavirus outbreak.
Updated: A number of providers have introduced exclusions for Covid-19.
Sector responds to the regulator's Dear CEO letter calling on insurers to pay valid claims quickly.
Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.