British Insurance Brokers' Association (Biba)
Applied Systems expands commercial lines; Value Space invests; and Avid opts for Allianz for capacity
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Brokers vote for regulatory stability as top desire
A period of stability with no regulatory or legislative changes topped the wish list among attendees polled at the British Insurance Brokers’ Association conference in Manchester yesterday.
Climate change activists target Biba conference
Protestors gathered outside the British Insurance Brokers' Association conference in Manchester today (11 May), calling for insurers to refuse to back the East African Crude Oil Pipeline.
FCA flags concerns about 'tick-box' approach to fair value
Insurance firms are applying a ‘tick-box’ approach to fair value assessments, according to the Financial Conduct Authority’s director of general insurance Matt Brewis.
FCA urged to tackle unacceptable regulatory burden on brokers
The Financial Conduct Authority has been urged to address the “unacceptably high” regulatory burden faced by insurance brokers.
Biba chief executive announces retirement
Steve White, chief executive of the British Insurance Brokers Association, will retire this autumn.
Biba updates on manifesto ahead of conference
British Insurance Brokers’ Association chief executive Steve White said the trade body's members “know there's an ESG train coming down the line” and that “everybody will need to get on board at some time”.
Julie Page, Aon
Julie Page, chief executive of Aon UK, is one of only two women to make this year’s Insurance Post Power List – showing the industry is making steps rather than strides forward to becoming more diverse and inclusive.
Peter Blanc, Aston Lark
As leader of Aston Lark and executive chairman of Howden, Peter Blanc isn’t afraid of sticking his head above the parapet and pointing out the problems the industry is facing and suggesting solutions.
In conversation: Biba’s White and Trudgill on broker leasehold commissions
After Levelling Up Secretary Michael Gove said he was “outraged” at the findings of an FCA report into broker remuneration surrounding leaseholders in multi-occupancy buildings, British Insurance Brokers' Association chief executive Steve White and…
Biba cancels CBI membership after misconduct allegations
The British Insurance Brokers’ Association has withdrawn its membership of the Confederation of British Industry, following reports of sexual misconduct by senior members of staff.
Trade Voice: Biba’s Steve White on why brokers should share good news stories
Steve White, CEO of the British Insurance Brokers’ Association, calls on the industry to publicise case studies of claims gone right to spur awareness of how it can make a positive difference.
Could insurance brokers soon face caps on commission?
Analysis: As the government demands pulling the plug on unfair insurance commission, Frances Stebbing examines whether the regulator could change the rules for how brokers get paid.
Martin Lewis’s charity outlines steps for Consumer Duty compliance
A charity established by campaigning journalist Martin Lewis has urged insurers to provide mental health training for underwriters and frontline staff if they wish to adhere to the FCA’s Consumer Duty requirements.
‘Serious concerns’ about Ombudsman power to increase redress awards by 20% in two years
Industry experts shared concerns that the Financial Ombudsman Service's award limits are “very high” and could push small firms out of business.
FOS aims to slash insurance complaints queue
The Financial Ombudsman Service intends to change the way it records the number of complaints against insurance companies, in a bid to encourage more businesses to settle with policyholders before an investigation is launched.
Diary of an Insurer: Axa Commercial's Sarah Mallaby
Sarah Mallaby, distribution and trading director of Axa Commercial, prepares for the Biba conference, the British Insurance Awards and gets ready to launch new propositions in SME and motor trade.
Interview: Peter Elliot on why he gave up the insurance boardroom to drive aid ambulances to Ukraine
To mark the first anniversary of the Russian invasion of Ukraine Jonathan Swift spoke to retired insurance marketing veteran Peter Elliot about how the conflict changed his life.
Insurance Post Podcast: Are insurers ready for the FCA’s Consumer Duty?
Insurers who think they've already met the Financial Conduct Authority’s Consumer Duty requirements shouldn't be "resting on their laurels", DAC Beachcroft has warned.
Why insurance should be recession proof
Editor's View: Insurance Post Editor Emma Ann Hughes kicks the tires of insurance to see if the industry is right to be pessimistic about its prospects at the moment.
Regulation and cyber dominate in Biba's 2023 manifesto
The British Insurance Brokers’ Association has laid out increasing take-up of cyber insurance and reducing the cost regulation as top priorities for 2023.
Trade Voice: Biba CEO on why brokers should listen to the Dalai Lama
Steve White, CEO of the British Insurance Brokers' Association, explains why brokers should listen to the Dalai Lama and be clear with customers about what "bang they are getting for their buck."
Jonathan Evans re-elected as Biba chair
The board of British Insurance Brokers’ Association has extended Jonathan Evans’ tenure as chair of the association for a further three years.