The British Insurance Brokers’ Association’s (BIBA) Strategic Review 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 in October 2013 for changes to the association’s governance structure which better reflect the way in which insurance intermediaries are segmented.
Five Advisory Boards representing smaller brokers, larger brokers, the international and wholesale market brokers, networks MGAs and others and finally regional chairs were established to connect BIBA 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 also help steer the thinking of the main BIBA Board and the BIBA Executive.
Each Advisory Board has a chairman and a deputy chairman. The chairman of each Advisory Board has a seat on the main BIBA Board. The Smaller Brokers’ Advisory Board is an exception in that its chairman 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.
The Insurance Brokers’ Standard Committee is one of the technical committees supporting the main Board of BIBA. 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.