British Insurance Brokers’ Association (Biba)
SSP calls for ‘increased scrutiny’ over software houses
SSP will welcome “increased scrutiny” from the Financial Conduct Authority in the wake of an outage that has affected a third of its customer base.
Biba review into software houses to be a 'major work'
An independent investigation into the disaster recovery plans of broking software houses will be completed by the first quarter of next year.
Biba hosts meeting between SSP and brokers
The British Insurance Brokers’ Association facilitated a “full and frank discussion” between software house SSP and brokers affected by its August outage last night in its London offices.
Biba urges members to contact Enterprise liquidator
The British Insurance Brokers’ Association has emailed its members advising any that have policies remaining with Enterprise to contact the provisional liquidator.
Week in Post: Socials, swingers, and share sales
This week editorial staff at Post and sister title Insurance Age held their annual team social. After a popular vote, we took the unusual step of visiting a swingers club.
How the SSP outage had earthquake repercussions for brokers
Problems started with a power cut but left brokers offline for almost a month
Data protection changes post-Brexit 'could be quagmire of complexity'
The UK must mirror the EU’s data protection regime post-Brexit to avoid a “quagmire of complexity”, insurance bodies have told Post.
New farming risks and their insurance implications
The past 12 months have not been easy for farmers. Depressed produce prices have left the sector facing one of the worst income crisis for more than 100 years.
Yutree launches binding authority liability product with Endurance
Yutree Underwriting has launched a binding authority liability product backed by Lloyd's syndicate Endurance.
SME underinsurance: Fixing the SME market
Has anything changed in the SME sector since the FCA’s thematic review? And if not, why not?
Biba in talks with Enterprise liquidator to help affected brokers
The British Insurance Brokers’ Association is in talks with failed insurer Enterprise’s liquidator with the aim of helping affected UK brokers.
FCA refuses to disclose cost of abandoned Cass 5 review
The Financial Conduct Authority has declined an official request on how much it spent on its now shelved Cass 5 review.
Brokers call for standardised data format for driverless cars
Customers and brokers should have immediate and unrestricted access to all data from autonomous vehicle manufacturers in the event of a crash, the British Insurance Brokers' Association has said.
Industry concerns are top of the agenda at party conferences
Brexit, the cost of regulation, increased spending on flood defences and uninsured drivers will be the hot topics that the insurance industry wants addressed ahead of this year's political party conferences.
Brokers still in the dark as SSP outage now a ‘major incident’
The power outage that left brokers unable to access services on SSP’s Pure Broking platform since the weekend is now being described as a “major incident” by the company.
ABI rejects claim that insurers are 'profiteering' over savings on personal injury claims
The Association of British Insurers has defended the rise in motor premium costs, despite the insurance industry saving over half a billion pounds as a result of a drop in personal injury claims.
Biba accountant who stole £24,000 is jailed for 18 months
An accountant for the British Insurance Brokers’ Association has been jailed for 18 months.
Brokers welcome decision to abandon ‘unworkable’ client money rules
The financial services watchdog has abandoned a set of “almost unworkable” policy changes to how intermediaries handle client money.
Week in Post: Rio 2016, diving doggies, a racism row and rejoice, the Insurance Act is finally here!
You know you’ve been bitten by the Olympic bug when you find yourself watching the weightlifting at 1:30am in the morning, hours before you have an event and need to be pretty sharp.
Biba calls on insurers to be clear on Insurance Act 2015
The British Insurance Brokers’ Association has called on insurers to be clear when they 'contract out' of parts of the Insurance Act 2015, which is implemented today.
Ageas CEO Andy Watson expects motor premium rises to slow in H2
Ageas UK CEO Andy Watson has told Post that he expects motor premium rises to slow significantly in the second half of 2016.
Broker bias: Is there conflict over commission?
Risk managers are increasingly worried about broker conflicts of interest. Are there enough checks in place?
Insurers voice concerns over FCA transparency proposals
The Financial Conduct Authority has published a policy statement which outlines rules to increase engagement at renewal in the general insurance markets, but insurers are worried their positions will be undermined.
Car insurance premiums are back on the rise after Q1 dip, says AA
Car insurance premiums are back on the rise, according to the AA’s latest benchmark British Insurance Premium Index.