BIBA launches insurance S&P credit ratings facility

The British Insurance Brokers’ Association (BIBA) has announced the launch of an insurance ratings facility available as a free benefit to all BIBA members with fewer than 200 employees. Created in partnership with S&P Capital IQ, the facility allows qualifying members access to Standard & Poor's Ratings Services’ (S&P) insurance credit ratings and research on UK-based insurance companies through BIBA’s website.

S&P’s ratings and research is delivered to the facility in real time via S&P Capital IQ’s Application Programming Interface (API).

Mike Hallam, BIBA's head of technical service, said: "We are pleased to offer this major member benefit to smaller brokers at no cost to them. It provides them with another valuable service from BIBA that directly helps them in their day-to-day business."

Steve White, BIBA's chief executive, commented: "This is a fantastic service for member firms employing fewer than 200 staff. The arrangement has been driven by our Smaller Brokers' Advisory Board for the benefit of smaller brokers and I'm sure that it will be a welcomed launch."

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