Brokers are innovators, responding to new challenges with inventive solutions. The digital age presents both challenges and opportunities
for brokers. BIBA wants to help brokers understand how they can benefit from new technologies by developing new products and delivery mechanisms.

Using big data for more accurate rating, drones for survey work, artificial intelligence and chatbots to handle simple customer queries, developing new sharing economy products or cutting edge technologies like blockchain are all areas BIBA will help its members to understand and incorporate into their business.

Results from a survey conducted by Innovate Finance – the independent not-forprofit membership association representing the UK’s global Fintech community, shows: 64% of respondents see Fintech as a less attractive investment proposition following the result of the EU referendum and a 33% decline in the value of H1 2016 Venture Capital investment in Fintech. To ensure London remains a global
insurance hub it is also important for Government’s ‘Industrial Strategy’ to have a viable approach to Fintech investment.

Dan Morgan Director of Policy and Regulation of Innovate Finance
Trade bodies are hugely influential and are a valuable part of introducing innovation to this distribution channel and we value BIBA’s involvement.”

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BIBA's Calls to Action and Commitments on Insurtech

Each year BIBA campaigns on a number of issues and commits to a series of actions - these calls for action and commitments can be found within our manifesto.

Find out more in the BIBA 2017 Manifesto

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Whatever type of insurance you need to find, BIBA can connect you with a broker who can help. Please use the search below or call our Find a Broker Service on 0370 950 1790.