British Insurance Brokers' Association (Biba)
Biba renews call for Government action on spiralling motor insurance costs
The British Insurance Brokers’ Association (Biba) has again called on the Government to implement an eight point plan to reduce the spiralling cost of motor insurance.
PMI insurers accused of broker bullying to protect claims data
Private medical insurers (PMI) have been accused of threatening to cut off brokers that “rock the boat” over the issue of claims data transparency.
Fears trade bodies are on IMD2 collision course
The Association of British Insurers (ABI) and the British Insurance Brokers' Association (Biba) could be on a collision course over the revised Insurance Mediation Directive (IMD2).
News review: December
A brief round-up of December's news.
Biba to issue brand guidance after old name is hijacked online
The British Insurance Brokers Association (Biba) has warned members of the threat of online brand hijacking after taking legal action to protect its own name.
Power hour: Feeling the benefit?
It is hoped that a change in the Government's position regarding benefits may open up opportunities for PMI. This month's discussion covers the expansion of cash plans, the role of trade bodies and the normally taboo subject of claims data sharing. Liz…
Product launch: Biba and Broker Direct unite
The British Insurance Brokers' Association (Biba) has appointed Broker Direct as a scheme provider to offer access to its private motor and light commercial vehicle products to all members.
Threat of enforced commission disclosure fades as European bodies follow UK lead
An agreement between European broker and risk management associations is the clearest sign yet that the revised Insurance Mediation Directive (IMD) will opt for commission disclosure on request rather than making it compulsory, according to regulatory…
FSCS review put on back burner
The Financial Services Authority (FSA) has put plans to overhaul the Financial Services Compensation Scheme (FSCS) on hold in the wake of this year's sharp levy hike.
Expo workshop highlights need for Risk Transfer consistency
Brokers must put pressure on the Association of British Insurers (ABI) and individual insurers to adopt a consistent approach to Risk Transfer wordings within their Terms of Business Agreements (TOBA), according to compliance expert Branko Bjelobaba.
Reportage - training delivery: Digital vs. face to face
Traditionally, training has been about face-to-face contact but there has recently been an increase in online offerings, which claim to provide the same quality of tuition with less cost and increased convenience. Edward Murray looks at the pros and cons…
E-commerce: Brokers criticised for not carrying out adequate sanction checks
Brokers are grossly underestimating the implications of government guidelines for client screening, according to Open GI.
2010 review: A year of living cautiously
The economy grew, rival political parties unexpectedly started working together and personal lines rates even hardened, although plenty of surprises and setbacks meant that 2010 was far from plain sailing, writes Andrew Tjaardstra.
Broker regulation - Viewpoint: Securing the future
John Greenway on how, after 23 years as an MP, he is now turning his attention to helping brokers with the new regulatory regime.
PB Week: Castles and conferences
It's not often we get out at the CII, so when we do we need to make the most of it, writes Alasdair Stewart, head of business development, general insurance, at the Chartered Insurance Institute.
Biba calls on Government to stem "spiralling" motor insurance costs
The British Insurance Brokers’ Association (Biba) has called on the Government to implement an eight point plan to reduce the rising cost of motor insurance.
Regulator puts brakes on FSCS review
The Financial Services Authority (FSA) has put on hold plans to overhaul the Financial Services Compensation Scheme (FSCS) in the wake of this year’s sharp levy hike.
News round-up: Organisations
The Chartered Insurance Institute has unveiled the New Generation Claims Group, which consists of eight young insurance professionals who will look at how social media can be used to improve customer communications during a claims surge. They will report…
E-commerce: Solvency II to make brokers more accountable for data
Brokers with delegated authority may face increasing pressure from insurers to account for the whereabouts of data as the industry prepares to meet Solvency II regulations.
MGAA to clear 'mist of confusion' surrounding MGAs
The Managing General Agents' Association (MGAA) has claimed it will establish a clear differentiation between prospective members and the broking community as it gears up for launch this month.
Slow insurer processing could mean a backlog of IPT charges
Brokers could be left to foot the bill if insurers choose to apply the Insurance Premium Tax (IPT) increase from the date it hits their books, according to the British Insurance Brokers' Association (Biba).
Banks and FSA wrangle over new measures for PPI customers
The banking sector has locked legal horns with the Financial Services Authority (FSA) over the handling of payment protection insurance (PPI) claims.
Reportage - Future of regulation: Predicting the future
Everyone is aware the FSA is on its way out but what is less certain is how the new regulatory structure will operate. Liz McMahon explores what brokers can expect in the medium to long-term future.