The British Insurance Brokers’ Association has launched its 2020 manifesto in the Houses of Parliament, with a strong emphasis on access. The manifesto features nine sections and includes 37 commitments and 29 calls to action on topics such as access, ethical and sustainable trading, Brexit, broking challenges, tax, regulation, innovation, skills and transport.

BIBA stated the document had been created with the widest possible engagement of its members, making it the broadest and most comprehensive manifesto in the association’s history.

Economic secretary for the Treasury, John Glen MP, said: “Insurance brokers make a significant contribution to our economy, supporting the UK’s reputation as a global insurance leader.

“Brokers help people find the insurance they need, managing everything from terrorism insurance for businesses to travel insurance for individual consumers with serious medical conditions,” he added. “BIBA’s action on financial inclusion is helping vulnerable consumers access the insurance they need, and I urge them to continue this important work.”

Chief executive officer of BIBA, Steve White, said: “A broker’s fundamental role is in assisting customers with access to appropriate and suitable insurance yet brokers themselves also need access to insurance capacity for those more challenging risks.

“The UK insurance sector is facing innumerable changes, uncertainty, and opportunity over the coming years, including access to the EU,” he added. “Access to insurance is part of BIBA’s ethos and so understandably, a major focus of the 2020 BIBA Manifesto majors on helping people and businesses to access the insurance cover they need.”

BIBA’s executive director Graeme Trudgill commented: “Our aim is to aid our broker members ably help their customers. With this in mind, we are looking to help them stay ahead of the risks and demands arising from economic, regulatory and market changes, with a hefty programme of guidance, liaison, and support.

He added the association planned more good practice and technical guides as well as initiatives to assist brokers in developing sustainable trading, employee wellbeing, and resource planning for the future.

BIBA’s Chair, Jonathan Evans concluded: “This Manifesto is evidence of the work being done to push forward broker issues. More importantly, it clearly highlights the good that can be done by working collaboratively.”

Separately, BIBA launched a voluntary signposting agreement to help people with disabilities or medical conditions access protection insurance.

Share Story: