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British Insurance Brokers' Association (Biba) Archive

Vivek Banga to go away Gallagher for Polaris

Banga to develop into managing director with Martin McLachlan departing in April. Vivek Banga has been appointed as the brand new managing director of Polaris. Insurance Age published final month that the current MD Martin McLachlan can be leaving in …

FCA issues to “remarkable” insurer failings because it launches “fundamental” marketplace assessment

Chris Woolard on why the regulator felt it needed to act. Financial Conduct Authority (FCA) board member and director of technique and pageant, Chris Woolard, has admitted it discovered “less than we would expect” when it investigated pricing controls at …

Industry willing to paintings with FCA following twin pricing evaluate

Biba and the ABI welcome the FCA’s transfer, agreeing with the regulator that the marketplace must paintings in addition to imaginable for all consumers. Insurance business our bodies have welcomed the Financial Conducts Authority’s (FCA) marketplace learn about into common …

FCA calls on trade to proceed paintings on twin pricing

Regulator issues to guiding rules from Biba and the ABI revealed in May this year. The Financial Conduct Authority (FCA) has prompt the trade to “continue the work underway” round common insurance coverage pricing practices. The regulator as of late (31 …

Biba welcomes “pyrrhic victory” as IPT is saved at 12%

But trade pledges to stay campaigning to stop IPT from emerging once more. The British Insurance Brokers’ Association (Biba) has welcomed Chancellor of the Exchequer Philip Hammond’s choice to stay the insurance coverage top class tax (IPT) at 12% within …

ABI: Freeze IPT – the “mother of all stealth taxes”

Trade body says persons are paying document quantities of the tax and urges the government to stay it at 12% within the upcoming Budget. The Association of British Insurers (ABI) has prompt the government to freeze insurance coverage top class …

Dual pricing – the “crack cocaine” of insurance coverage

“Dual pricing is like crack cocaine. Once you get into it and use it then it’s nearly inconceivable to wean your self off of it. “Every single player in the market is hooked on cracked cocaine,” Ian Hughes, leader government …

A have a look at Insurance Hound’s maximum learn through agents in August and September

Brokers had been eager about studying extra about Brexit, insurance coverage myths and legislation over the past couple of months. Our unfastened for agents sister name, Insurance Hound, showcases extensive marketplace studies containing business helpful professional research. The best 5 …

Opinion: Who would consider it? When unrated is “good”

Roger Flaxman unearths classes for agents in a captivating £100,000 case the place a company confronted litigation for no longer the usage of unrated insurers. An informal chat between two solicitors at a local trades Christmas lunch ended in an …