Terms of business agreement (TOBA)
Brokers updated on RSA purchase of NIG
Between May and July, NIG will transfer people, premises and assets and then start to move customers to RSA in a phased approach expected to be completed in Q3 2025.
Brokers on alert as FCA puts client money under the microscope
In a fresh dear CEO letter to brokers, interim CEO Christopher Woolard warns that the regulator is assessing firms’ arrangements and tells brokers it is imperative to safeguard the client money they hold for customers.
Blog: What is the client view of broker commission?
IdRisk's Stephen Mooney responds to Mactavish's report on broker remuneration.
Slow take-up of standardised Toba template was expected, says Biba
CEO Steve White hopes for a domino effect as networks, including Una Alliance, consider adopting the template.
Majority of insurers silent on Biba's standardised Toba
No provider has yet committed to using it or given a timeframe for any potential implementation.
The Blog Spot: Time to talk Tobas
Following the launch of Biba’s industry standardised Toba, Ida Axling calls on insurers to listen to what the brokers want.
Brokers support Biba's industry standardised Toba
Experts urge brokers to challenge their insurer panels to utilise the new template.
Podcast: The top five stories of the week
Jonathan Swift and Ida Axling discuss the stories behind the headlines of this week's most read.
Reg UK reveals where brokers can access Biba’s standard Toba
The standard agreement, which Biba said can save brokers up to 80 hours of work, can now be issued via the RegTech platform.
Resisting Toba change would be “lunacy” – Tim Ryan
Chairman of Biba’s committee urges industry to back new offering.
Biba launches industry standardised Toba template
Trade body says new Toba will increase productivity and reduce business costs.
Broking Break: Your Top Five on Friday
It’s been a busy week in broking. In case you missed them, here are the five most popular stories.
Ageas says Tobas won't change
Insurer says it has adopted principles of Insurance Act early.
Toba turmoil to hit this August
Failing to act now to ensure Tobas meet Insurance Act could lead to more court action further down the line.
Biba strikes Toba template agreement
The Association of British Insurers (Biba) has agreed "a template" for terms of business agreements (Tobas) between brokers and insurers.
Out with the old
Brokers need to check all Tobas to be ready for new client asset rules, says David Roberts
Insurance Age blog: How much do insurers really love you?
Insurers often make a big deal about referring to the brokers they work with as partners.
Groupama defends “immediate” notification Toba changes
Groupama has defended the changes to its terms of business agreements (Toba), issued to brokers on 20 September, which require brokers to inform the insurer immediately about fault claims.
Markerstudy Toba “totally unacceptable”
The British Insurance Brokers’ Association (Biba) has slammed the one hour reporting requirement of an accident claim in Markerstudy’s new terms of business agreement (Toba) as totally unacceptable.
Toba changes must not be taken out of context, says Cliff
Ageas has reacted to the media coverage following broker complaints over the recent amendments the insurer has made to its terms of business agreements (Toba).