Difficult conversations on horizon for brokers as SMEs seek to cut costs amid economic uncertainty due to business squeeze from Covid, Brexit and harder market
PI and property rates were hit hard following the Grenfell fire horror. Martin Friel investigates the wider insurance implications but is met with deafening silence from providers as brokers sound the alarm.
Sainty joins the International and Wholesale Brokers’ Advisory Board, which provides advice and counsel on matters affecting international and wholesale market brokers and acts as a sounding board to the main Biba board.
The “soft target” tax is under threat amid economic uncertainty but the sector is still arguing for a cut or a freeze.
Manifesto includes a number of commitments from the broker trade body, covering areas including underinsurance as a result of the pandemic, IPT, cyber insurance and signposting to help customers access insurance.
The document has been designed to help brokers comply with regulatory obligations.
Without backing as soon as possible events will be unable to take place over the summer as broker calls for £200m support package.
Trade body to issue package of guidance and host a webinar to help members "manage some difficult conversations" after brokers are inundated with calls from clients hoping to claim.
Brokers say national press coverage has led to confusion and a massive increase in client calls as they await communication from insurers on how to proceed.
The Supreme Court concluded the Covid-19 business interruption dispute by substantially ruling in favour of policyholders.
The 2021 virtual event will focus on “strengthening resilience” as trade body unveils keynote speakers.
Specialists outline worries for insurance space following FCA survey which showed 4,000 financial services firms are at risk, but Biba flags vaccine as a reason for hope.
As expected the thin agreement offers very little clarity for the UK broker space.
The panel will provide market intelligence on emerging trends to help shape Biba policy.
Expert compliance panel at Broker Exchange deliver some hard truths to delegates about the burden of current and future regulation
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
Why it is right for Biba to keep things virtual at its 2021 conference, Sian Barton writes.
The trade body said it was “impossible and unwise” to press ahead with an in person meeting for 2021 because of coronavirus.
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
One hundred days into her role as group CEO at Aviva, what can we glean from Amanda Blanc's initial actions asks Insurance Age content director Jonathan Swift.
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
Biba says the scheme, which is underwritten by A+ rated capacity, will allow its members to easily access cover for small businesses, global operators and large fleets.
Broker trade body says it hopes the industry can move on following the High Court's decision yesterday and that any appeal will be “sorted out quickly” for the sake of policyholders.