BIBA launches broker funding facility with Integritas
24th March 2015
The British Insurance Brokers’ Association (BIBA) has launched a new funding facility with finance brokers Integritas to provide members with expert advice and access to funding.
The facility provides BIBA members with insight and knowledge of the banking market to help give brokers the best chance of negotiating and securing the right finance package for their business.
Integritas has 60 years combined banking experience and understanding of the broking market. There are three packages available to BIBA members.
Special rates are available to members for a Readiness Review, which identifies and evaluates the key information needed about a broker’s business and makes an assessment of their borrowing capability. The Fund Finder service, where Integritas prepare a comprehensive lending pack, present the brokers lending needs to the insurance sector specialists within the banks, then supports the process through to a conclusion by evaluating, prioritising and negotiating offers. Consultancy services are also available for brokers already working with one or two banks but wishing to test the wider market.
Mike Hallam, BIBA’s Head of Technical Service, said: “We are pleased to make this service available to members with discounted rates . Many brokers, especially small brokers, will know very little about trying to obtain finance and it is not something that can be guessed at. Integritas has the knowledge to guide brokers through the process and even has preferable terms agreed with some providers to offer brokers better deals than going direct.”
Paul Saunders, Integritas Director, commented: “We are experienced bankers, who understand the sector, and are on the broker’s side, helping at every stage of the process to achieve the funding objectives. We are here to help and ensure that brokers have the best chance of success along with saving both time and money. This remains a difficult market and you only get one chance to get it right.”
For more details visit the website – www.integritasfinancial.co.uk
Notes to editors
1. For further information please contact:
BIBA press office:
Leighann Forsyth, Head of Communications
020 7397 0223
2. About British Insurance Brokers' Association
The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms having merged with the Institute of Insurance Brokers (IIB) in November 2011.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.
54% of all general insurance is sold by an insurance broker and they arrange 79% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 400,000 people a year to access insurance protection through its Find a Broker service, both online and via the telephone.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.