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BIBA welcomes support for the insurance industry

Providers of house insurance, car cover and other forms of financial agreements will be given a major boost after it was revealed that the British Insurance Brokers' Association (BIBA) has launched its 2012 manifesto, which plans to outline priority lobbying issues for the year ahead.

The primary focus of the paper is to work at achieving "appropriate, proportionate and cost effective regulation for members and working with government, businesses, regulators and consumers to help ensure a sustainable recovery and support growth" - great news indeed for those taking out policies to protect key assets such as their home or vehicle.

BIBA's manifesto has been formed after extensive consultation with BIBA committees and members, and is targeting four overarching themes in particular: the empowerment of UK consumers, businesses, the insurance sector and the UK in order to promote trade on a worldwide scale.

Chief executive of BIBA Eric Galbraith said: "Producing an annual manifesto has proved highly effective for us in recent years. It allows us to get across quickly and concisely what we are seeking to achieve and what we believe in - it also shows the importance of brokers to the UK economy.

"This is our primary 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 moving these issues forward."

Published: 19 January 2012, 12:00

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