The British Insurance Brokers Association (BIBA) has recently published its first Manifesto, setting out a number of campaigning issues for the next twelve months. The Manifesto highlights regulation, professional advice, criteria on age, flooding and motor insurance as areas that are important to insurance brokers and their customers going forward into 2008.
The regulatory issues contained in the Manifesto are of particular interest. BIBA aims to achieve greater transparency for commercial insureds through a market led solution and without further regulation, work with its members and their advisers on standards of good practice and work with European and global intermediary bodies to achieve a level playing field for brokers and set a global reform agenda for the insurance industry.
