British insurance brokers association
This presentation is the property of its rightful owner.
Sponsored Links
1 / 16

British Insurance Brokers’ Association PowerPoint PPT Presentation


  • 80 Views
  • Uploaded on
  • Presentation posted in: General

British Insurance Brokers’ Association. BIBA Presentation. www.biba.org.uk. Who is BIBA?. UK’s leading general insurance intermediary organisation. Not for profit. Represents brokers/intermediaries. BIBA’s mission statement:. Promoting – Our Distribution channel and industry

Download Presentation

British Insurance Brokers’ Association

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


British insurance brokers association

British Insurance Brokers’ Association

BIBA Presentation

www.biba.org.uk


British insurance brokers association

Who is BIBA?

UK’s leading general insurance intermediary organisation.

Not for profit.

Represents brokers/intermediaries


Biba s mission statement

BIBA’s mission statement:

Promoting – Our Distribution channel and industry

Influence – Decision Makers

Maintaining – A Stable Business Environment (FSCS)

Supporting – Protecting Members Interests


British insurance brokers association

What does BIBA do?

BIBA is the voice of the industry

Representing members to Government, the Regulator, media, consumer bodies and other stakeholders.

Offers training via the Broker Academy (including face2face and broker ASSESS)

Unique schemes and facilities

Technical advice

Guidance on regulation

Helping to raise industry standards

Conference


Democratic organisation biba members input gibc board regional committees technical committees

BIBA’s structure

Democratic organisation / BIBA members input

GIBC/Board

Regional committees

Technical committees


Representation corporate affairs

Representation - Corporate Affairs

  • Agent of the client (differentiate our distribution channel)

  • Build relations of trust (Government, regulator, Which?, CBI, Media)

  • Aim to influence Bills, Regulations, Media, Public understanding of brokers

  • Consultations


British insurance brokers association

BIBA Manifesto

  • Engaging BIBA members and committees in policy making process

  • Helping to clarify BIBA’s key messages

  • Bringing a focus to key priorities

  • Providing a valuable platform for political and media engagement

  • Target Lists – Gov/regulator/Media


British insurance brokers association

Example of an award winning sustained campaign

Aim – Regulation of Travel Agents for connected Travel Insurance to create level playing field

v


British insurance brokers association

Current Campaigns:

  • Future of regulation

  • FSCS Review

  • Signposting

  • Review of the IMD

  • Law commission review of Insurance Law

  • Motor insurance (select committee, NI Guide, DVLA Access)

  • Flooding (Government working parties and resilient repair)


British insurance brokers association

Government Activity

HM Treasury – Regular liaison, Bill team, Signposting, Floods, Gender, Insurance Forum Consumer Group

DEFRA/Environment Agency – Flood

Cabinet Office – Business resilience (SME’s)

Department for Transport/DVLA, Transport Select Committee, licence access, CIE, e-certs.

All Party Insurance Group – Parliamentary reception, Flood, FSCS, regulation.

BIS – BrokersOFT – Comparison Sites


British insurance brokers association

Regulatory Support

  • Forums

  • Website

  • Compliance Rules

  • Financial Conduct Authority

  • Financial Services Compensation Scheme

  • Insurance Mediation Directive

  • Financial Ombudsman Service (FOS)

  • European Federation of Insurance intermediaries (BIPAR)


British insurance brokers association

  • E-mails

  • Website

  • Broker Magazine

  • Media

  • Guardian Supplement

  • Mail on Sunday / Ask the Expert

  • Case Studies

  • Research (Benefits of Brokers, Advice, suitable Insurance)

  • Social Media; Twitter, Linkedin, YouTube

Communications


British insurance brokers association

Membership

  • Benefits

  • broker ASSESS

  • Find a Broker online/helpline

  • Member Contacts

  • Don’t just join, join in!


British insurance brokers association

Technical

  • Schemes/Facilities

  • Committees

  • Advice

  • Technical Briefings

  • Industry Agreements

  • PI Initiative


British insurance brokers association

Annual Conference

  • Networking event of the Year

  • Attendance records from 2011:- 4152 Attendees

    - 174 Exhibitors

    - 2526 Brokers

  • Free to all BIBA member firmsDate for Diary; 16th & 17th May 2012 - Manchester Central


Thank you

Thank you


  • Login