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
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.