British Insurance Brokers’ Association (Biba)
Biba issues response to Treasury consultation
The British Insurance Brokers’ Association (Biba) has responded to the HM Treasury consultation: A new approach to regulation – building a stronger system, and called for proportionate, appropriate and cost-effective regulation for brokers.
APC to double SME presence in the North
APC has revealed it aims to double its book of SME business in the North of England and Scotland over the next 18 months by hiring a dedicated business development manager (BDM) for the region.
Biba launches FSCS petition to prompt Treasury review
The British Insurance Brokers’ Association (Biba) has launched a petition of its members on the Financial Services Compensation Scheme (FSCS) to be tabled in the House of Commons by an MP.
Biba in trade credit deal
The British Insurance Brokers’ Association (Biba) has announced an agreement with the Government’s Export Credits Guarantee Department (ECGD) to provide general insurance brokers with access to the ECGD export insurance scheme for their clients.
What the Papers Say
Welcome to the latest edition of What the Papers Say. This month, Insurance Age editor Martin Friel is joined by senior reporter, Liz McMahon and Richard Adams, associate director at FWD.
Brokers are facing fallout from the Retail Distribution Review
Impact on IFAs of commission rules could see local communities suffer
Select Committee polarises opinion
Results of inquiry into motor insurance costs backed by Biba – but ABI brands it a missed opportunity.
Regulation costs three times more in UK than rest of EU
The British Insurance Brokers’ Association (Biba) has made the first real attempt since regulation was first applied to general insurance brokers to quantify just what it costs for brokers to remain compliant.
Management - How to... save money and reduce your FSA risk
Mike Cranny offers a step-by-step guide on how to surrender client money permission.
Road safety minister addresses Biba parliamentary reception
The Government is to open up data held by the DVLA in an effort to combat motor fraud, road safety minister, Mike Penning told delegates at a parliamentary reception hosted by the British Insurance Brokers’ Association.
UK brokers pay three times more for regulation than any other Euro state
The British Insurance Brokers' Association (Biba) chief executive Eric Galbraith called for a fresh approach to regulation as he revealed key findings of research into the cost and future of regulation.
Regulation preventing brokers from growing their businesses
A survey of Insurance Age readers has found that nearly 95% of brokers in the country find it more difficult to do their day to day job as a direct result of regulation.
ABI calls for ban on referral fees
The Association of British Insurers (ABI) has responded to the publication of the House of Commons Transport Committee report into the cost of motor insurance, labelling it a missed opportunity.
Biba supports motor insurance report
The British Insurance Brokers' Association (Biba) has welcomed the Transport Select Committee's report into the cost of motor insurance.
PPI bill could hit £4bn
Jonathan Evans MP has raised the prospect that the overall liability for payment protection insurance (PPI) mis-selling could reach £4bn.
News analysis - regulation: increasingly oppressive FSCS costs could hamper recruitmentConcern that jobs may be lost as brokers struggle to foot rising bill
The recent increase of over 50% in the Financial Services Compensation Scheme (FSCS) levy for brokers has raised fears that it could cause redundancies in the industry.
News analysis - regulation: new regulator confidentiality proposal could spell trouble
Brokers have been warned that the recent announcement of a change in name of their future regulator, from the Consumer Protection and Market Authority to the Financial Conduct Authority, has come with a potential sting in the tail.
Power hour - future of broking round table London: Talking heads
The biggest names in the industry come together to debate the key issues facing brokers at the moment, from regulation and rates to consolidation and distribution. Martin Friel reports.
News analysis - regulation: brokers warned off overseas insurers
Brokers have been warned to take heed of current legal restrictions when they consider working with offshore providers.
Industry moves to reassure brokers over ECJ ruling
The broker-facing insurance community has moved to allay concerns brokers might have following the announcement by the European Court of Justice (ECJ) that after 21 December 2012 gender cannot be used as a factor in calculating insurance premiums.
Insurance industry dismayed by ECJ ruling
The insurance industry has reacted with disappointment to the ruling by the European Court of Justice that as of December 2012 discriminating by gender will be unlawful for calculating insurance premiums.
Biba lobbies Office of Fair Trading on PMI
The British Insurance Brokers' Association (Biba) has welcomed the Office of Fair Trading’s private healthcare scoping paper but urged it to address the activities of private medical insurance (PMI) companies.
Biba rallies brokers to lobby Parliament on FSCS fees
The British Insurance Brokers’ Association (Biba) has contacted members urging them to write to their Member of Parliament regarding the escalating cost of the Financial Services Compensation Scheme (FSCS).
Biba demands action from regulator on FSCS
Eric Galbraith, chief executive of the British Insurance Brokers’ Association (Biba), has called on the Financial Services Authority (FSA) to accelerate its fundamental review of the Financial Services Compensation Scheme (FSCS).