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British Insurance Brokers’ Association

BIBA Presentation

www.biba.org.uk

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•UK’s leading general insurance intermediary organisation.

•Not for profit.

•Represents brokers/intermediaries

Who is BIBA?

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BIBA’s mission statement:

•Promoting – Our Distribution channel and industry

•Influence – Decision Makers

•Maintaining – A Stable Business Environment (FSCS)

•Supporting – Protecting Members Interests

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•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

What does BIBA do?

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•Democratic organisation / BIBA members input

•GIBC/Board

•Regional committees

•Technical committees

BIBA’s structure

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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

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•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

BIBA Manifesto

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

Example of an award winning sustained campaign

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•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)

Current Campaigns:

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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 – Brokers

OFT – Comparison Sites

Government Activity

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•Forums

•Website

•Compliance Rules

•Financial Conduct Authority

•Financial Services Compensation Scheme

•Insurance Mediation Directive

•Financial Ombudsman Service (FOS)

•European Federation of Insurance intermediaries (BIPAR)

Regulatory Support

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•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

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•Benefits

•broker ASSESS

•Find a Broker online/helpline

•Member Contacts

•Don’t just join, join in!

Membership

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•Schemes/Facilities

•Committees

•Advice

•Technical Briefings

•Industry Agreements

•PI Initiative

Technical

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•Networking event of the Year

•Attendance records from 2011:- 4152 Attendees

- 174 Exhibitors

- 2526 Brokers

•Free to all BIBA member firms

Date for Diary; 16th & 17th May 2012 - Manchester Central

Annual Conference

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Thank you