Insurance & Reinsurance
Flood insurance scheme needs more resilient repairs says BIBA
BIBA will make a number of calls on the All Party Parliamentary Group on Flood Prevention to improve flood resilience […]
Biba
Insurance & Reinsurance
Put brakes on insurance premium tax say UK brokers
BIBA’s 2017 manifesto launch came the day before Prime Minister Theresa May was due to deliver her latest Brexit speech […]
Insurance Brokers
BIBA calls time on rising regulatory fees
The British Insurance Brokers’ Association (BIBA) warned MPs and Lords today that its members’ cost of doing business had risen far beyond rival countries and must be brought under control. BIBA unveiled initial findings of its regulation research today, declaring that insurance brokers in the UK have the most expensive regulatory regime in the world, with regulatory fees and levies costing more than five times those in New York, Japan, France and Germany. […]
Insurance claims
Insurer v Broker claims spat: Score draw or own goal?
Getting the balance right is accordingly critical if insurers and brokers are to remain effective in looking after genuine customers whilst still investigating and prosecuting the fraudsters. […]
Insurance & Reinsurance
Insurers paying fewer claims says BIBA
by Ralph Savage New research has accused insurers of becoming stricter on paying claims in the economic downturn. According to the British Insurance Brokers’ Association (BIBA), 90% of insurance brokers believe that insurers are becoming […]
Insurance & Reinsurance
FSCS levy hike hides real issue for brokers
The recent announcement by the FSA that it was to consult the market on proposed changes to the way the FSCS levy is administered has caused plenty of gnashing of teeth among the general insurance […]
Insurance & Reinsurance
Killing the joy in killjoy
If I was a broker, I wouldn’t be celebrating just yet – these conflicting statements do little more than make it clear that anything could come out of this review. The market is not out of the woods yet so I’d advise brokers to put away the party hats for now. […]
Insurance & Reinsurance
European Commissioner eases broker regulation fears
Insurance broker fears they may be caught by draconian regulations were eased today, after a European Commissioner suggested they could be set for reprieve. […]