BIBA works with InsurTech Worry+Peace to bring insurance customers to brokers
7th March 2019
The British Insurance Brokers’ Association (BIBA) has joined forces with the UK InsurTech, Worry+Peace to bring an all new, highly innovative facility to its members.
From today BIBA members have access to Marketplace by Worry+Peace. Marketplace is an all-new insurance platform that brokers can adopt as part of their marketing strategy. It is designed to connect Buyers of both consumer and commercial lines to insurance Providers across the market.
Marketplace is not an aggregator rather a smart, online search directory where brokers can list any and every product they provide making them visible for Buyers to find. Where a broker has a particular specialism they can also boost the visibility of any listing by using a weekly, transparent auction tool pushing that particular product to appear first, second or third in search results.
Steve White BIBA CEO said: “Through our Manifesto BIBA is committed to helping members to adopt new technologies and adapt to our changing market place and Marketplace is an interesting and innovative way for brokers to reach their customers.”
Mike Hallam, BIBA Head of Technical Services added: “This new facility is designed to connect insurance providers to insurance Buyers and for our members could be an additional route to market particularly where a broker wants to promote a particular type of insurance because, for far less than traditional paid searches, they can bid to improve visibility.
“We see this as a simple to use tool to help members unlock more opportunities and we are excited to be working with Worry+Peace on this new project.”
James York, founder of Worry+Peace said: “We’re delighted to partner with BIBA. Our all-new Marketplace will connect everything insurance in a fair and transparent way. Brokers are the perfect community to join this mission – they are the Providers behind a diverse range of risks and specialist covers across the UK. With BIBA brokers on board, together we will help more people buy insurance better. The journey starts here.”
Notes to Editors
- LINK to ‘presentation’https://www.youtube.com/watch?v=a0ABY84W9tE&feature=youtu.be
- For further information please contact:
BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
Leighann Forsyth, Deputy Head of Communications
020 7397 0224
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- About the 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, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 70% of all general insurance with a premium totalling £62.4bn and 87% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives more than 600,000 enquiries per year to its Find Insurance services, online and via the telephone which are directed to member insurance broking firms.
BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.