FUWIS Managing Director, Roger Van Praet, and Ann Beynon were invited to the recent BIBA Manifesto 2020 at the House of Commons by BIBA Chairman, Jonathan Evans.
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organization representing interests of insurance brokers, intermediaries and their customers.
General Insurance brokers, of which FUWIS is one of the largest in Wales, contribute 1 per cent of GDP to the UK economy; they arrange 67 per cent of all general insurance and 81 per cent of all commercial insurance business.
BIBA is the voice of the broking sector advising members, consumer bodies and lobbying parliament and other stakeholders on key insurance issues.
The recently elected BIBA Chairman, Jonathan Evans is well known to the FUW being MP for Brecon and Radnor between 1992 and 1997 and then MEP for 10 years before returning to Parliament as MP for Cardiff North from 2010 till 2015. Jonathan served as Under Secretary of State for Wales and also Under Secretary for Trade and Industry during his time in the Commons.
FUWIS value the representation and support that BIBA provide to our sector and it is particularly reassuring to us that the present BIBA Chairman has both local and Welsh agricultural sector knowledge, as well as wider Insurance sector expertise having also served as Non- Executive Directors of both NFU Mutual and Lloyd’s Syndicate 2232.
During the launch of the BIBA 2020 Manifesto, subjects such as Brexit, broking challenges regulation and innovation were discussed.
“A broker’s fundamental role is assisting customers with access to appropriate and suitable insurance. Brokers themselves, however, need access to insurance capacity for more challenging and complex risks,” stated BIBA Chief Executive, Steve White. “The UK insurance sector is facing innumerable changes, uncertainty and also opportunity over the coming years.
“Action on regulation is essential for the broking sector and an examination of the demands the FCA places on it would not only enhance access to insurance but be of value to the whole UK economy.”
BIBA Chair, Jonathan Evans stated: “This (BIBA) Manifesto is evidence of the work being done to push forward broker issues.”