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British Insurance Brokers' Association |
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BIBA - leading the way in UK insurance The British Insurance Brokers' Association is leading the way in UK Insurance. It is the largest and longest established trade association for the general insurance market. It offers professionalism and expertise to both the industry and the consumer and has a thriving membership of 2,000 firms employing more than 37,000 individuals.
The Association was formed originally as BIBA, in 1977, from four different organisations - The Association of Insurance Brokers, the Corporation of Insurance Brokers, the Federation of Insurance Brokers and the Lloyd's Insurance Brokers Association.
In January 1988, with the Financial Services Act, a need arose for all brokers in the general insurance and investment business to work together and be jointly represented. BIBA extended its membership to include Independent Financial Advisers, becoming the British Insurance and Investment Brokers' Association (BIIBA). In 1994 increasing pressure upon the UK's Independent Financial Advisers led to a call for one strong association to represent their interests. Consequently, BIIBA was instrumental in establishing its sister association, the IFA Association. As a result, in September 1999, it was felt that BIIBA's expertise lay in general insurance, hence the relinquishing of 'Investment' .
British
Insurance Brokers' Association
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