Governed by members via Advisory Boards
The British Insurance Brokers’ Association’s (BIBA) Strategic Review of 2013 resulted in a series of recommendations being made to strengthen and improve governance and representation for its membership. After extensive consultation, BIBA members voted overwhelmingly for changes to the association’s governance structure which better reflect the way in which insurance intermediaries are segmented
Sound corporate governance, acting with integrity and maintaining the trust of our membership and stakeholders are among BIBA’s most important values and practices.
Five advisory boards – representing the key segments of BIBA’s membership – Small and Medium-sized Enterprises Brokers’ (SME), larger brokers, international and wholesale market brokers, networks & MGAs and our regional chairs, connect the association at the highest levels with market trends and developments and the most senior stakeholders externally. Their presence ensures strong representation on the issues that really matter to members and help steer the thinking of the main BIBA Board and the BIBA Executive.
Each advisory board has a Chair and a Deputy Chair. The Chair of each advisory board has a seat on the main BIBA Board. The SME Advisory Board is an exception in that its Chair and Deputy Chair both take a seat on the BIBA Board in recognition that they represent the majority of members.
Full details of the advisory boards and the names of all those who serve on them can be found below.
Insurance Brokers’ Standards Committee (IBSC)
The role of the IBSC is to codify and provide guidance in respect of good and reasonable practice for the benefit of BIBA members and others. The IBSC believes it is of benefit to members to have a living, breathing Good Practice guide creating a standards benchmark and has been working to achieve this. BIBA aims to work together with the industry in all areas of market practice and produce guidance on standards including, but not limited to agency law, risk presentation, long-term agreements and reporting mandates. Read more in our Good Practice Guide.
