The British Insurance Brokers' Association (BIBA) has launched its 2013 Manifesto Meeting the Growth Challenge in the House of Commons to an audience of ministers, MPs, lords, senior government officials and brokers. Jonathan Evans MP, chair of the all-party parliamentary group on insurance and financial services, hosted the reception.
BIBA’s manifesto is aligned with the government's growth agenda and includes a wide range of issues from regulation and the Financial Services Compensation Scheme (FSCS), through to helping customers access insurance. It tackles the various industry issues on BIBA's members' agenda such as motor, flood, the Employers’ Liability Tracing Office, reform of insurance law, fraud, under-insurance, business continuity and developing careers in the broking sector.
Graeme Trudgill, BIBA’s head of corporate affairs, said: "2013 is the year of change with the revised Insurance Mediation Directive (IMD) at a critical stage in Europe, the Financial Conduct Authority (FCA) replacing the FSA in April and new insurance legislation from the Law Commission.
"The manifesto is our calling card with government, the regulator and the media. I am delighted by the feedback that we received from members while collating the manifesto and we are now looking forward to progressing these issues.”
Eric Galbraith, BIBA’s chief executive, added: “The Manifesto will provide us with opportunities to engage relevant stakeholders and ensure that we are at the heart of representing brokers. It allows us to quickly and concisely deliver our messages it also emphasises the importance of general insurance brokers to the UK economy."
BIBA’s manifesto was created after consultation with BIBA’s committees and members.
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