British Insurance Brokers' Association https://www.biba.org.uk The British Insurance Brokers' Association is the UK's leading general insurance intermediary organisation Tue, 02 Mar 2021 11:19:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.3 154303522 Implementation of the Whiplash Reform Programme https://www.biba.org.uk/latest-news/implementation-of-the-whiplash-reform-programme/ Tue, 02 Mar 2021 11:19:35 +0000 https://www.biba.org.uk/?p=38127 The post Implementation of the Whiplash Reform Programme appeared first on British Insurance Brokers' Association.

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Our new look https://www.biba.org.uk/latest-news/our-new-look/ Mon, 01 Mar 2021 16:03:22 +0000 https://www.biba.org.uk/?p=38119 Back in 2019, we set out to find out what you wanted from your trade association going forward and you may have discussed your thoughts

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Back in 2019, we set out to find out what you wanted from your trade association going forward and you may have discussed your thoughts about BIBA with our researcher. The insight from those discussions was really valuable and largely highly positive.

However, one very consistent opinion was that BIBA needed to be more visible in its branding. As a result, we began plans to strengthen our branding; to modernise it and bring our work as an association to the fore.

We revealed our new look with the launches of our 2021 Conference and our Manifesto: Resilience, which both used our new logo. Of course, brand isn’t just about a logo. We will be using a simpler colour pallet and BIBA documents will begin to display a recognisable look and feel, and a more approachable and friendly use language.

We also plan to update and upgrade our website which will include improvements to your own user experience. Our aim is to make the information you need easy to find – something that came up as essential in our research.

We have deliberately chosen a gentle approach to this roll-out with nothing being changed until change is needed. But when you’re ready you can download our new logo here to use anywhere where you currently display the BIBA logo.

You can also see our new brand guidelines here to see how to use our new logo.

If you have any questions please contact bibacomms@biba.org.uk and we’ll do what we can to help.

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Croner-i becomes BIBA Associate Member https://www.biba.org.uk/press-releases/croner-i-associate-member/ Mon, 01 Mar 2021 09:00:43 +0000 https://www.biba.org.uk/?p=38045 Croner-i has joined the British Insurance Brokers’ Association (BIBA) as an Associate Member. As a specialist provider in business support for tax, audit, accounting, human

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Croner-i has joined the British Insurance Brokers’ Association (BIBA) as an Associate Member.

As a specialist provider in business support for tax, audit, accounting, human resources and health and safety, Croner-i helps companies comply with the law, achieve and maintain best practice, and operate more effectively for staff and clients alike.

Croner-i joins BIBA at an unprecedented time when there are a multitude of changes to the law and the way businesses operate, and they are aiming to support BIBA members with high quality guidance.

On joining BIBA,  Ben Chaplin, Managing Director of Croner-i said: “We look forward to providing brokers and their customers with up to date legal information to help them manage their staff, finances and taxes so that they can grow and prosper even during these challenging times.”

Steve White, BIBA’s Chief Executive, concluded: “The business environment is facing many changes at the moment so we are pleased to welcome an organisation like Croner-i on board who can support brokers with their specialist knowledge.”

-ENDS-

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Protection insurance Explaining Underwriting Decisions Guidance https://www.biba.org.uk/access-to-insurance/protection-insurance-explaining-underwriting-decisions/ Fri, 26 Feb 2021 09:07:37 +0000 https://www.biba.org.uk/?p=38024 The Access to Insurance Working Group’s Underwriting Workstream has created guidance to help with explanations about underwriting decsions on protection insurance policies for those with

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The Access to Insurance Working Group’s Underwriting Workstream has created guidance to help with explanations about underwriting decsions on protection insurance policies for those with medical conditions or disabilities.

Read the guidance here 

Read about the  the Access to Protection Insurance Signposting Agreement here

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BIBA Webinar for Young Brokers – An overview of pensions https://www.biba.org.uk/webinars/biba-webinar-for-young-brokers-an-overview-of-pensions/ Thu, 25 Feb 2021 16:04:08 +0000 https://www.biba.org.uk/?p=38029 view slides here or listen here.

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view slides here or listen here.

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The curious case of motor insurance legislation – Damijan Vnuk vs Zavarovalnica Trigalev in the Court of Justice of the European Union, 2017 https://www.biba.org.uk/latest-news/the-curious-case-of-motor-insurance-legislation-damijan-vnuk-vs-zavarovalnica-trigalev-in-the-court-of-justice-of-the-european-union-2017/ Thu, 25 Feb 2021 15:49:14 +0000 https://www.biba.org.uk/?p=38025 Since the ruling in the Court of Justice of the EU which held that Slovenian farmer Damijan Vnuk should be allowed damages as a result

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Since the ruling in the Court of Justice of the EU which held that Slovenian farmer Damijan Vnuk should be allowed damages as a result of him being knocked from a ladder by a tractor on farmland, the ensuing impacts on the application of motor insurance have been high on the BIBA agenda.

The ruling hinged on the ECJU determining that the use of the vehicle ( the tractor ) fell within the definition in the EU Motor Directive an therefore should be treated as subject to the requirement to have compulsory motor insurance.  The knock on effect was to bring into scope many vehicle types including, mobility scooters, sit-on mowers and even robo-vacuum cleaners!  It also called into question the viability of motor sport where competitor to competitor liability cover is simply not available.

BIBA has been calling for some time for the Motor Insurance Directive to be opened and a small change be made so that the only vehicles is scope are those ‘used in traffic’ and our calls were beginning to gain traction. As Brexit loomed we began asking for the ruling to be removed from UK motor insurance law.

On Sunday 21 February Government announced that they plan to remove ‘Vnuk‘ from UK law  a big win for one of BIBA’s ongoing  Manifesto issues and transport Government officials  have confirmed to us that  this is a ‘top priority’.

Getting this removed from law will removed all of the negative unintended consequences from the ruling.

Read more >

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FCA reminds firms to cancel unwanted permissions to avoid unnecessary fees https://www.biba.org.uk/latest-news/fca-reminds-firms-to-cancel-unwanted-permissions-to-avoid-unnecessary-fees/ Thu, 25 Feb 2021 09:35:45 +0000 https://www.biba.org.uk/?p=38022 The Financial Conduct Authority (FCA) has advised firms intending to cancel their permission, to do so by 31 March 2021, otherwise they will be liable

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The Financial Conduct Authority (FCA) has advised firms intending to cancel their permission, to do so by 31 March 2021, otherwise they will be liable for next year’s annual fee.  The FCA’s said in its Regulation Round-up for February 2021 that firms need to apply to cancel online to avoid the annual fee for the period 1 April 2021 to 31 March 2022, through the Connect system.  Failure to do so will see firms having to pay for the full annual fee, without the prospect of a refund. The FCA does not provide refunds where a firm has paid fees in error.

This serves as a timely reminder for BIBA members to review the regulatory permissions their firm holds on the Financial Services Register  to ensure they are only holding permissions that they actually use, as they will be charged for them.

Back in 2016 BIBA advised members (https://www.biba.org.uk/latest-news/biba-members-need-to-take-action-to-have-new-p2p-lending-permission-disapplied/) that HM Treasury had created a then new regulated activity of ‘Advising on P2P agreements’ and that any firm holding the permission ‘Advising on investments’ (as most brokers do) would automatically have their permissions varied to add the new regulated activity. In that regulation update, we advised members to apply to have the permission removed if they were not going to use it.

BIBA issued a reminder in 2017 (https://www.biba.org.uk/regulation-updates/avoid-unnecessary-fca-regulated-fees-levies/) as well.

A number of brokers may not have removed the ‘Advising on P2P agreements’ permission and so will have been paying fees on it since 2017.

BIBA members’ compliance and regulation queries should be directed to: compliance@biba.org.uk.

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BIBA is recruiting a Find Insurance Manager https://www.biba.org.uk/vacancies/recruiting-find-insurance-manager/ Wed, 24 Feb 2021 17:10:28 +0000 https://www.biba.org.uk/?p=38017 24 February 2021 Have you got a desire to help people and businesses find the insurance cover they need?  Are you passionate about delivering results?

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24 February 2021

Have you got a desire to help people and businesses find the insurance cover they need?  Are you passionate about delivering results?

The British Insurance Brokers’ Association (BIBA) is both of those things and more We are looking for a dynamic, self-motivated individual who can manage stakeholders and data equally well to manage our highly respected and successful Find Insurance Service.

Our Find Insurance Service helps consumers and businesses find the insurance protection they need, particularly in cases when insurance cover is more challenging to obtain. Operating online and via an outsourced call centre we handle many hundreds of thousands of enquiries every year.

We are seeking someone to lead the day to day management of both sides of the service, which is an integral part of BIBA, the UK’s leading insurance brokers’ trade association.

You will be comfortable managing queries from insurance broker panel members, identifying and rectifying performance issues and analysing data to monitor and drive forward performance levels.   A key BIBA team member, you will have your finger on the pulse of activities within the organisation and in the sector and will have the support of your colleagues.

Key responsibilities

  • Day-to-day management, upkeep and development of BIBA’s Find Insurance Service, online and via our call centre
  • Performance and budgetary reviews
  • Input into and delivery of the Find Insurance Service’s future strategy to deliver success through promotion, proactive engagement and ongoing service enhancements.
  • Effective vetting and performance monitoring of firms on the Find Insurance Service
  • Delivery of timely statistical reports to relevant stakeholders

Experience and qualifications 

 High standard of relationship management skills

  • Experience of operations management
  • Advanced IT systems knowledge
  • Insurance experience/ qualifications
  • Call centre management experience
  • High standard of organisational, report writing and budget management skills

Location: Work from home

 Salary and benefits:  Competitive  

 Apply:  Send your CV and supporting letter to our Head of Commercial, Nicola Maguire at  maguiren@biba.org.uk by 7 March 2021

Position Description

Responsible for:

 Manage the day-to-day administration, upkeep and development of the full Find Insurance Service, including both the website service and the call centre

  • Maintain monthly performance and budgetary reviews across all fundamental elements of the Find Insurance Service, continuously improving all service elements
  • Work with BIBA’s Executive Director  to agree and deliver the future strategy for the Find Insurance Service ensuring the overall success, promotion, proactive engagement with new organisations/ charities and increased improvement of the service
  • Vetting of firms on the Find Insurance Service
  • Reporting on service stats to relevant stakeholders (Government departments, BIBA’s Access to Committee,  the ABI)

 Duties include:

  • Manage the Find Insurance Service: liaising with outsourced call centre contract and activity, panel members, call operators, dealing with daily administration from broker panel members, i.e. changes to classes of insurance, addition of new distribution of transfers to accommodate broker panel staffing issues etc.
  • Manage Find Insurance Service call volume distribution, weekly, monthly and report on stats
  • Maintain the integrity and accuracy of the data held on the membership system in relation to panel members and income/expenditure
  • To liaise, manage and co-ordinate as required with panel members and all stakeholders
  • To ensure the accuracy and ease of use for consumers of the Find Insurance website service
  • To act as a focal point for the Find Insurance Service supporting panel members, signposters, BIBA colleagues and, in conjunction with BIBA’s Executive Director, all other stakeholders
  • Manage the IT responsibilities in relation to the service
  • Ad hoc work as and when requested.

 

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BIBA 2021 Manifesto: Resilience https://www.biba.org.uk/manifesto-2021/biba-2021-manifesto-resilience/ Wed, 24 Feb 2021 15:39:56 +0000 https://www.biba.org.uk/?p=38012 We represent the interests of insurance brokers, intermediaries and their customers by campaigning on all aspects of insurance to ensure the industry is united and

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We represent the interests of insurance brokers, intermediaries and their customers by campaigning on all aspects of insurance to ensure the industry is united and working for brokers and customers alike.

2021 Manifesto >

2021 Manifesto press release >

Watch here video here >

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BIBA Schemes & Facilities webinar – Trade Credit Insurance – Helping your clients protect against bad debt presented by CMR Insurance https://www.biba.org.uk/webinars/biba-schemes-facilities-webinar-trade-credit-insurance-helping-your-clients-protect-against-bad-debt-presented-by-cmr-insurance/ Wed, 24 Feb 2021 15:19:50 +0000 https://www.biba.org.uk/?p=38008 Listen to webinar or view slides here

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Listen to webinar or view slides here

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PRA and FCA joint Dear CEO letter looks to overhaul data collection https://www.biba.org.uk/latest-news/pra-and-fca-joint-dear-ceo-letter-looks-to-overhaul-data-collection/ Wed, 24 Feb 2021 15:00:40 +0000 https://www.biba.org.uk/?p=38006 The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have issued a joint Dear CEO Letter on transforming data collection.  The letter acknowledges

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The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have issued a joint Dear CEO Letter on transforming data collection.  The letter acknowledges that data collection is a challenge for both the regulator and for regulated firms.  It also recognises that the data the regulators have received has not always been of the highest quality and that their data needs have changed as technology and firms’ business models have evolved.

In order to address these issues, the FCA and the PRA, have in recent years been working on projects looking at the future of data collection.  In particular, these collaborative projects have looked to a time when data collections from firms will provide high-quality data, supplied by ‘leaner, clearer and less burdensome processes’ than those used currently.  Members may access the Dear CEO letter by clicking here

The letter identifies three critical areas of reform where the FCA and the PRA intend to focus their efforts and progress:

  • Defining and adopting common data standards that identify and describe data in a consistent way throughout the financial sector. These common standards should be open and accessible for use by all who need them. Their adoption will bring benefits well beyond reporting.
  • Modernising reporting instructions to improve how reporting instructions are written, interpreted and implemented. There are a range of steps the regulators think this will involve, from setting up better Q&A processes to potentially rewriting instructions as code.
  • Integrating reporting to move to a more streamlined, efficient approach to data collection. This reform includes making data collection more consistent across domains, sectors and jurisdictions, and designing each step in the data collection process with the end-to-end process in mind.

The letter recognises that the transformation will not be a swift process and the regulators ask firms to work in partnership with them to tackle the challenges faced.  The regulators propose to deliver the specific improvements required via a multi-year, multi-phased shared reform programme, and establish an operating model to support further improvements.

The Bank of England (BoE) has published a plan for transforming data collection from the UK financial sector which describes the work programme in more detail.  Members may access the document by clicking here.

In particular, the regulators are initially looking to build a core team comprising staff from the BoE, the FCA and from the firms from whom they collect data, as well as solution providers who wish to participate. They currently estimate the team’s size to be between 10-15 people, of which 12 might come from firms.  The core team is expected to be supplemented by part-time input from others, both from industry and from the BoE and FCA.  They are looking for industry participants who have expertise and vision to contribute to designing solutions. In addition, to ensure the new changes work for all, the regulators would like individuals who are directly involved in the current data collection process to provide feedback on issues and solutions. Interested parties who wish to contribute resource should contact the BoE directly by email: DataCollectionDP@bankofengland.co.uk.

BIBA members’ compliance and regulation queries should be directed to: compliance@biba.org.uk

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FCA finalises its guidance for vulnerable customers https://www.biba.org.uk/latest-news/fca-finalises-its-guidance-for-vulnerable-customers/ Wed, 24 Feb 2021 12:23:54 +0000 https://www.biba.org.uk/?p=38004 The Financial Conduct Authority (FCA) has published the final version of its guidance to firms clarifying its expectations of them for the fair treatment of

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The Financial Conduct Authority (FCA) has published the final version of its guidance to firms clarifying its expectations of them for the fair treatment of vulnerable customers. The guidance (FG21/1) is designed to drive improvements in the way firms treat vulnerable consumers so that they are consistently able to achieve outcomes that are as good as other consumers.  Members may access the full guidance by clicking here.

The final guidance marks the culmination of an industry-wide consultation, the results of which were set out in the FCA’s Feedback Statement (FS21/4).

The FCA said the protection of vulnerable customers remained a key focus for it, particularly as the Coronavirus pandemic meant that many more customers were now displaying characteristics of vulnerability such as poor health, experiencing negative life events, low financial resilience or low capability. The FCA’s recent Financial Lives survey showed that 27.7 million adults in the UK now have characteristics of vulnerability which may limit their ability to make reasonable decisions and choices, putting them at increased risk of harm.

The regulator will use the Guidance to continue to hold firms to account for their treatment of vulnerable customers.  It wants to see all firms across sectors taking steps to understand and respond to the needs of their customers, particularly those who are most vulnerable to harm. The Guidance should help firms to do this as it sets out the types of actions they can take to ensure they treat vulnerable customers fairly. Firms will need to use their judgement to consider what each section of the Guidance means for them and what they should do to ensure they treat customers fairly, the FCA added.

Firms were reminded that in treating customers fairly, they should also be aware of their obligations under the Equality Act 2010.  The FCA said that it is likely that a breach of the Equality Act, for example failure to provide reasonable adjustments for disabled people, will also be a breach of its rules.

The FCA will monitor how firms respond to the Guidance through its supervisory work. Firms will be expected to be able to demonstrate how their business models, culture, policies and processes ensure the fair treatment of all customers, including those who are vulnerable.

The regulator will at the same time seek to understand consumers’ experiences of their treatment by firms, for example whether they are experiencing difficulties effectively engaging with firms and accessing appropriate products. The FCA said it will do this through regular market research and engagement with its consumer network.

Engagement with stakeholders, including firms and consumer groups, on the treatment of vulnerable consumers in 2021-2023 would also continue.

The FCA is planning to evaluate what action firms have taken in 2023-24 as to whether they have had the desired effect and resulted in improvements in the outcomes experienced by vulnerable consumers. This assessment would be taken against the FCA’s understanding of what firms do now and further intelligence gathered through future monitoring of the industry.

At the same time as the evaluation of firms’ treatment of vulnerable customers, the FCA has committed to looking again at how the financial services industry is adapting to meet the needs of older consumers.

Separately, the FCA also published a Memorandum of Understanding (MoU) with the UK’s Equality and Human Rights Commission (EHRC). This MoU sets out how the FCA will co-operate and work with the EHRC on equalities issues, to help protect people in the markets it regulates.

BIBA members’ compliance and regulation queries should be directed to: compliance@biba.org.uk.

 

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The Broker Magazine – February 2021 https://www.biba.org.uk/latest-news/the-broker-magazine-february-2021/ Tue, 23 Feb 2021 13:02:05 +0000 https://www.biba.org.uk/?p=37996 The post The Broker Magazine – February 2021 appeared first on British Insurance Brokers' Association.

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BIBA replies to HMT consultation on the regulatory framework https://www.biba.org.uk/latest-news/biba-replies-to-hmt-consultation-on-the-regulatory-framework/ Thu, 18 Feb 2021 15:05:48 +0000 https://www.biba.org.uk/?p=37981 The post BIBA replies to HMT consultation on the regulatory framework appeared first on British Insurance Brokers' Association.

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NIG – COVID-19 Updates https://www.biba.org.uk/corona-virus-updates/nig-covid-19-updates/ Thu, 18 Feb 2021 09:17:41 +0000 https://www.biba.org.uk/?p=37978 The post NIG – COVID-19 Updates appeared first on British Insurance Brokers' Association.

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BIBA Schemes & Facilities webinar – Enabling Innovation – Insuring the Emerging Drone/UAV Market presented by Flock https://www.biba.org.uk/webinars/biba-schemes-facilities-webinar-enabling-innovation-insuring-the-emerging-drone-uav-market-presented-by-flock/ Thu, 18 Feb 2021 09:09:11 +0000 https://www.biba.org.uk/?p=37975 View slides here and listen here.

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View slides here and listen here.

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Guidance on the BI test case and to help members with BI claims https://www.biba.org.uk/corona-virus-updates/guidance-on-the-bi-test-case-and-to-help-members-with-bi-claims/ Wed, 17 Feb 2021 13:18:04 +0000 https://www.biba.org.uk/?p=37970 We have updated the guidance for members to use in connection with the defence of any professional negligence claims in connection with the Supreme Court

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We have updated the guidance for members to use in connection with the defence of any professional negligence claims in connection with the Supreme Court judgment. Please email RobbinsB@biba.org.uk  to access the defence guidance.

We have also created a Checklist to help you help clients with claims which you can download here

Watch again BIBA Webinar – Supreme Court Judgment

Insight from BIBA MUM and Weightmans on the implications of the BI test case judgment is now available for BIBA broker members – Watch here

Click here to read about the Supreme Court Judgment and what it means for brokers

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FCA publishes submissions to the Supreme Court on BI test case declarations https://www.biba.org.uk/corona-virus-updates/fca-publishes-submissions-to-the-supreme-court-on-bi-test-case-declarations/ Wed, 17 Feb 2021 13:06:28 +0000 https://www.biba.org.uk/?p=37968 The Financial Conduct Authority (FCA) has updated its dedicated webpage with more information in relation to its recent business interruption insurance test case in the

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The Financial Conduct Authority (FCA) has updated its dedicated webpage with more information in relation to its recent business interruption insurance test case in the Supreme Court.

The FCA said that it had, along with the other parties to the test case, made written submissions to the Supreme Court on the form of the declarations to be issued by the court.  These declarations will be the culmination of the judgments in the test case and will declare whether the policies in the representative sample potentially cover business interruption losses arising from the coronavirus pandemic.

New additions to the webpage include:

The Supreme Court is expected to publish the declarations without a further hearing. However, the regulator did not know when this would happen.

The FCA reiterated its belief that the judgment from the Supreme Court had given insurers the clarity needed to conclude their claims processes with the large majority of their BI customers, without waiting for the declarations.

BIBA members’ compliance and regulation queries should be directed to: compliance@biba.org.uk.

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Insurer responses on managing business interruption claims https://www.biba.org.uk/corona-virus-updates/bi-claims-insurer-responses/ Wed, 17 Feb 2021 13:01:41 +0000 https://www.biba.org.uk/?p=37950 Here you can see the responses from insurers regarding our enquiries about the approaches they were taking to managing BI claims in line with FCA

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Here you can see the responses from insurers regarding our enquiries about the approaches they were taking to managing BI claims in line with FCA guidance following the Supreme Court ruling on the BI test case.

Ageas

AIG

Allianz

Arch

Aviva

Axa

China Taiping Insurance (UK) Co Ltd

CNA Hardy

Covea

Hiscox

NIG

RSA

Zurich

Read BIBA’s letter sent to insurers on your behalf here.

 

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BIBA responds to the Future of Transport: rural strategy – call for evidence https://www.biba.org.uk/consultations/biba-responds-to-the-future-of-transport-rural-strategy-call-for-evidence/ Wed, 17 Feb 2021 12:00:52 +0000 https://www.biba.org.uk/?p=37949 About BIBA The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their

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About BIBA

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 around 1800 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 67% of all general insurance with a premium totalling £65.1bn and 81% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.

BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.

BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.

Response Apologies we are only replying with a summary response on this occasion. BIBA appreciates the Government focus on rural transport, clearly there are differing priorities for rural as opposed to urban areas.

Our thoughts are summarised as follows:

1. With the move to EVs the roll out of the charging facilities must take into consideration the lack of rural petrol stations to act as charging facilities and consider how Government can help introduce charging facilities in rural locations, perhaps if there is a local hub whether that be the village post office/ public house etc or provide grants for rural homes to fit them where feasible.

2. E-scooters can be used for short journeys between rural locations providing a cheap and green means of travel in the absence of a regular public transport service. However these are currently illegal. We understand the government is keen to legalise e-scooters but would urge government to consider how victims of inevitable accidents will receive compensation. We therefore propose that e-scooters be legalised subject to the following:

USE BIBA support the use of certain (see below) e-scooters on cycles lanes and public roads, But NOT on pavements. COMPENSATION FOR VICTIMS It is vital to legislate in order to have a compulsory third-party compensation system in place for the victims of e-scooter incidents. BIBA suggests a new low-level minimal insurance requirement unique to this new form of travel of £2M to £5M third party liability. We could resolve the significant vehicle type/ private land arguments at the same time SAFETY Due to the high number of injuries caused by e-scooters we set out several ideas for a sensible approach including compulsory use of cycle helmets along with requirements to have lights, alerting devices, a maximum speed of 12.5mph and maximum power of 350W. We also believe a compulsory online safety assessment is required. LIGHT TOUCH To encourage the greater uptake of e-scooters we would not require a driving licence or motorcycle helmet or unlimited Road Traffic Act Insurance.

3. It is important for young drivers who cannot rely on public transport in rural areas late at night built are required to work at night, to be able to drive a vehicle at these times. However the insurance industry have an innovation that can assist with road safety for young drivers. Research form telematics providers shows that the accident rate for young drivers within six months of their policy start date reduces to one in 19, compared to one in five young drivers who have an accident in the first months after passing their test. Telematics policies have been shown to moderate driving behaviour, reducing speeding by 25% and to increase road safety. BIBA therefore proposes that Government incentivise more young drivers to purchase telematics insurance by, for example making these policies exempt form Insurance Premium tax.

4. The advancement of automated vehicles can also assist road safety in rural areas. BIBA is keen for the UK to be a work leader in this technology; however it is vital that technology is proven to have passed the Thatcham Research safety tests before being introduced and accepted and therefore insurable.

5. Car sharing in rural areas can also save money and is better for the environment. BIBA is conscious that insurance for car sharing is current proving difficult and we are keen to assist in developing new insurance products to assist with rural car sharing.

We would be happy to discuss these issues with you.

Yours sincerely

Graeme Trudgill FCII, Chartered Insurance Practitioner Executive Director

Tel: 020 7397 0218 Email: trudgillg@biba.org.uk

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