BIBA is The British Insurance Brokers’ Association. It is the UK’s leading general insurance intermediary organisation. BIBA represents the interests of three different elements of Insurance:
They currently have a membership of over 1800 regulated firms.
BIBA are known as the voice of the general insurance sector. They provide advice to members, the regulators and consumer bodies.
They provide an easy to use website. This offers a wealth of general insurance information. The website provides easy access for members relating to regulatory information and general information.
Many insurance intermediaries choose to a member of BIBA because they know that they play a vital role within the industry.
Throughout the calendar year BIBA host a number of events up and down the country. With the arrival of coronavirus this has now turned to online platforms but they are still managing to provide a great service to the industry.
For insurance customers there is a simple Find a Broker tool making life so much easier. All you need to do is put in the type of insurance you are looking for and your postcode. The website will then provide you with local broker options.
BIBA also provide consumers with clarification as to why it is important to use a broker because not everyone would realise why it is beneficial.
The FCA are still the regulatory body for the General Insurance industry.
BIBA is the UK’s leading general insurance intermediary organisation. BIBA’s full name is The British Insurance Brokers’ Association. The current BIBA membership boasts 1800 regulated firms and they constantly provide us with regularity information which is essential for our business.