
	Home		Feedback		Useful Links		Sitemap

About BIBA

Latest Press releases

Press Release Archive

Downloads

Representation

BIBA Manifesto

30 March 2009

BIBA comment on Consumer Council Insurance report

Commenting on the Consumer Council’s report into the cost of insurance in Northern Ireland, Peter Staddon, BIBA Head of Technical Services said:

'It is very important that consumers do not purchase their insurance protection by comparing the price of policies alone. All policies are different and provide different levels of protection. Purchasing a cheaper policy can be a false economy, which could leave consumers without adequate protection.

“I suggest that in addition to price, consumers also consider the levels of cover, excess and the policy exclusions. The report found that the main source for buying insurance in Northern Ireland is via an insurance broker so I urge consumers to speak to their broker who will compare all aspects of a number of policies on their behalf."

BIBA is committed to working with the Consumer Council on the issues raised in the report.

Click here to view the report from the Consumer Council http://www.consumercouncil.org.uk/newsroom/507/

Ends

For further information please contact :

BIBA press office:
Leighann Burtrand, Communications Manager
020 7397 0223
burtrandl@biba.org.uk

About British Insurance Brokers' Association

The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA represents 2,400 insurance brokers and intermediaries, including 1,700 FSA authorised firms. Insurance brokers and intermediaries distribute nearly two-thirds of all UK general insurance. In 2007, insurance brokers and intermediaries generated £1.5 billion of invisible earnings and they introduce £22 billion of premium income into London’s insurance market each year.

BIBA is the voice of the industry, advising members, the regulators, the Government, consumer bodies and other stakeholders on key insurance issues. BIBA provides unique schemes and facilities, technical advice, guidance on regulation and business support and is helping to raise, and maintain, industry standards. BIBA works closely with the Chartered Insurance Institute to provide training to those working in the industry and actively participates in helping the industry and its customers deal with some of the major issues of the day.

BIBA members provide professional advice to businesses and consumers, playing a key role in identification, measurement, management, control and transfer of risk. They negotiate appropriate insurance protection tailored to individual needs and operate to a very high standard of customer service with the aim of ensuring peace of mind, security, financial protection and the professional advice required.

To find your nearest BIBA broker visit the ‘Find A Broker' section of the BIBA website, www.biba.org.uk or call BIBA’s consumer helpline on 0870 950 1790