This week’s top issues:
 

• BIBA met HM Revenue & Customs to discuss VAT and IPT and separately to discuss inspection fees

• BIBA met ABI re: discussions on broker access to driver licence records 

• BIBA met Northern Ireland Consumer Council and The Office of the First Minister and Deputy First Minister to discuss insurance issues in Northern Ireland 

BIBA also:
  

BIBA 2010 Conference & Exhibition
Highlights from BIBA’s annual conference, ‘Professionalism in a changing world’, can be viewed at http://www.biba.org.uk/ including videos of plenary speakers and seminar sessions.

For more information, please call the BIBA member helpline on 0844 77 00 266 

• BIBA met with FSA’s consultants as part of fundamental review of FSCS

• BIBA took part in an Insurance Age Power Hour and presented at the Insurance Times broker forum on broker issues with the coalition government

• BIBA met with Foreign and Commonwealth Office (FCO) to discuss travel insurance

BIBA also:
 

• Issued regulation update for members European Commission outlines proposals for insurance guarantee schemes
• Met with publisher to discuss broker supplement in the Guardian
• Met with British Security Industry Association (BSIA) to maintain a relationship on security matters within the industry
• Held its first Tax Group meeting
• Met with Adecose – the Spanish Insurance Brokers’ Association
• Met with Finance & Leasing Association (FLA) to discuss continuous insurance enforcement  
• Attended a Lloyd’s Live Debate on Globalisation: risks, challenges and opportunities for business
• Held its General Insurance Brokers’ Committee meeting
• Held its London Market Compliance Forum
• Attended The International Takaful summit at the House of Lords
• Met with Insurance Institute of Japan

  BIBA 2010 Conference & Exhibition
  Highlights from BIBA’s annual conference, ‘Professionalism in a changing world’, can be viewed at http://www.biba.org.uk/ including videos of plenary speakers and seminar sessions.

  For more information, please call the BIBA member helpline on 0844 77 00 266

• BIBA, the Department for Transport (DfT) and the Driver and Vehicle Licensing Agency (DVLA) met with the motor fleet forum re. continuous insurance enforcement

• BIBA met with the Financial Services Compensation Scheme (FSCS)re. broker levy

• BIBA published its summer edition of The Broker magazine – Click here

BIBA also:
 

• Met with Association of Independent Financial Advisers (AIFA) re. FSA fees and levies
• Met with Financial Services Practitioners’ Pannel re. fees and other issues

• Attended ABI conference on surge flooding
• Held Health Insurance Focus Group meeting and presented to cardiac arrest patients on travel insurance
• Attended British Insurance Awards
• Attended London Market Claims Club re. trade credit insurance
• Discussed insurance issues with Mail on Sunday and Sunday Times
• Issued regulation update for members on Financial sanctions related releases w/c 04.07.10 

  BIBA 2010 Conference & Exhibition
  Highlights from BIBA’s annual conference, ‘Professionalism in a changing world’, can be viewed at http://www.biba.org.uk/ including videos of plenary speakers and seminar sessions.

  For more information, please call the BIBA member helpline on 0844 77 00 266

This week’s top issues:

• BIBA attended FSA meeting on the fundamental review of the FSCS and posted its FSCS Key Facts regulatory update on the website Click Here

• BIBA won the prestigious Trade Association Forum award for our Successful Travel Insurance Scheme

• BIBA met HM Treasury’s Signposting Steering Group 

BIBA also:

• Attended review board meeting re employers’ liability tracing code, at the Department for Work and Pensions (DWP)
• Met Driver and Vehicle Licensing Agency (DVLA) and the Department for Transport regarding broker access to DVLA driver records
• Met the British Bankers’ Association (BBA) to discuss conditional lending and insurance
• Met Government healthcare representatives from Singapore
• Met CBI re issues with the new Coalition Government
• Attended broker risk management seminar
• Held compliance forum in Eastleigh
• Attended post-budget Trade Associations Meeting
• Hosted Partners’ meeting highlighting issues on resilient repairs, signposting/Equalities Act, insurance premium tax, sanctions lists and volcanic ash
• Attended AMII Conference and Exhibition 

For more information, please call the BIBA member helpline on 0844 77 00 266

Kind regards

Eric Galbraith
Chief Executive

The consultation, entitled A new approach to financial regulation: judgement, focus and stability can be found on HM Treasury’s website at http://www.hm-treasury.gov.uk/d/consult_financial_regulation_condoc.pdf

 The consultation sets out the details announced last month – namely the creation of Financial Policy Committee (FPC) and Prudential Regulation Authority (PRA) within the Bank of England, and the Consumer Protection and Markets Authority (CPMA).

 The consultation paper raises a number of questions that HM Treasury would like answering. HM Treasury request that replies or any questions should be sent to financial.reform@hmtreasury.gsi.gov.uk  or by post to:- 

Financial Regulatory Strategy

HM Treasury

1 Horse Guards Road

London SW1A 2HQ

The consultation closes on 18 October 2010.

Should you wish to discuss this or any other aspect of the regulations, please contact:

Steve White
Head of Compliance and Training
Tel. 020 7397 0222
Email whites@biba.org.uk

This week’s top issues:

• Budget update for members – Click here - BIBA expressed disappointment that the Government announced increases to IPT
  
• Podcast: Steve White explains the future of regulation – Click here 
• BIBA attended BIPAR meeting in Tel Aviv to represent members on European issues
   

BIBA has also:

• Encouraged members to participate in FSA survey about its smaller firms website – click here
• Met with HM Revenue & Customs to discuss IPT for tour operators’ insurance contracts

• Met with scheme provider, Northern Marine Underwriters, to discuss the new Rotterdam Rules in relation to marine insurance
• Issued an uninsured driving technical briefing for members – Click here and a guide to claims notifications technical briefing – Click here
• Held its Trade Credit Focus group committee meeting
• Liaised with the Department for Transport  (DFT) and Driver and Vehicle Licensing Agency (DVLA) regarding continuous insurance enforcement
• Appeared in The Guardian, The Independent, Daily Express and on channel 4.com regarding IPT and young drivers
• Responded to the Law Commission’s consultation on damages for late payment

For more information on any of these activities, please call the BIBA member helpline on 0844 77 00 266

Dear Member

This week’s top issues:

• BIBA presented to the All Party Parliamentary Group on Insurance and Financial Services on issues affecting members
• BIBA attended an IPT and VAT meeting at HM Revenue & Customs
• BIBA called for Government to tread carefully on Insurance Premium Tax in the budget on 22 June Click here article appeared in The Times and Daily Mail

BIBA has also:

• Answered consumers’ travel insurance questions on a webcast click here
• Met with The Daily Telegraph to promote brokers
• Met with the Electronic Trading Practice Group to discuss member issues with software houses
• Held London Market Region Committee (LMRC) meeting to discuss current issues
• Discussed the options for another possible broker supplement in The Guardian click here
• Taken part in the Employers’ Liability Tracing Office working group
• Held a regional compliance forum in Plymouth
• Issued two regulation updates click here

 
For more information on any of these activities, please call the BIBA member helpline on 0844 77 00 266

Dear Member

This week’s top issues:

• BIBA is to present to the the All Party Parliamentary Group on Insurance and Financial Services on issues affecting members
• BIBA met with the Motor Insurance Bureau (MIB) and the BIBA motor panel to discuss motor insurance issues
  
• BIBA hosted a CIFAS presentation on anti-fraud

BIBA has also:

• Promoted brokers on BBC Radio 4 regarding the volcanic ash crisis – click here
• Met with the Security System Alarms Inspection Board (SSAIB) to discuss insurance matters
• Held its quarterly Regulatory Working Party meeting
• Issued a regulatory note for members – FSA set to launch new online system for applications processes
• Began the process of writing to the new coalition Government to seek meetings as part of the new lobbying campaign
• Instigated discussions with the Northern Ireland Consumer Council about insurance issues affecting consumers in Northern Ireland
• Blogged for Insurance Times  – click here

 

For more information on any of these activities, please call the BIBA member helpline on 0844 77 00 266

Kind regards Eric Galbraith Chief Executive

Pixel tag technology is used to analyse the reading habits of our membership in order to review and improve services to members and on occasion may use this for marketing purposes. Questions about this technology should be directed to the communications department 0844 77 00 266

• BIBA 2010 record breaking attendance  – more than 4,000 attendees including 2,300 broker/intermediaries click here
• BIBA met with HM Treasury and attended the insurance sector liaison event
  
• BIBA met with the FSA for further meeting on the fundamental review of FSCS

BIBA has also:

• Met with the Federation of Independent Practitioner Organisations (FIPO), the organisation which represents surgeons and consultants
• Recorded an interview on BBC Radio You and Yours to discuss the recent volcanic eruption
• Responded to the Confederation of British Industry (CBI) on the IMF proposal ‘A fair and substantial contribution by the financial sector’
   
• Held a compliance forum in Glasgow
• Written to the new transport minister encouraging support for continuous insurance enforcement 
• Held its board meeting to discuss member issues
• Held discussions with Law Commission on specific aspects of insurance contract law relating to brokers’ liability for premiums
• Met with the Serious Organised Crime Agency

For more information on any of these activities, please call the BIBA member helpline on 0844 77 00 266

Kind regards Eric Galbraith Chief Executive

Pixel tag technology is used to analyse the reading habits of our membership in order to review and improve services to members and on occasion may use this for marketing purposes. Questions about this technology should be directed to the communications department 0844 77 00 266

Dear Member

This week’s top issues:

• BIBA attended BIPAR (the European Federation of insurance intermediaries) Directors’ Committee meeting in Stockholm to represent UK brokers in Europe
• BIBA already has over 2000 brokers registered for the BIBA Conference next week at ExCel London
• New improvements and opportunities on the online Find a Broker search – click here

BIBA has also:

• Met with the Financial Ombudsman Service (FOS), the Financial Services Association (FSA) and Association of British Insurers (ABI) to discuss the volcanic ash crisis
• Held its General Insurance Brokers’ Committee meeting to discuss member issues
• Taken part in a round table Power Hour at Insurance Age to discuss broker liability for risk placement
•  Released 4,000 additional questions doubling its question bank on broker ASSESS – Why not try it for yourself?
• Worked with members to answer insurance questions and promote brokers for the BBC
• Met with the Chief Executive of the Law Society to discuss professional indemnity insurance
• Met with official delegation from the Nigerian Council of registered insurance brokers
• Presented to delegation from BIBA and CII Scotland

BIBA 2010 Conference & Exhibition
Please be advised that pre-event registration closes at 1pm on Friday 14 May.  Anyone wishing to register after this date should do so by visiting the registration desk at the event.  We regret that lunch cannot be provided for any onsite registrations.

Tickets for the All Star Lanes Bowling on Wednesday 19 May, and Gala Dinner on Thursday 20 May, priced at £55 & £85 + VAT respectively are still available.  Please email Lindsay Campbell campbelll@biba.org.uk for further information.

 For more information on any of these activities, please call the BIBA member helpline on 0844 77 00 266

Pixel tag technology is used to analyse the reading habits of our membership in order to review and improve services to members and on occasion may use this for marketing purposes. Questions about this technology should be directed to the communications department 0844 77 00 266 ]]> http://www.bibablog.org.uk/?feed=rss2&p=272 0