The British insurance Brokers’ Association (BIBA) has launched its 2026 Manifesto ‘Economic Resilience’ demonstrating how it intends to help brokers to deliver resilience for themselves, for people, for businesses and for the economy.
For the first time, the Manifesto sets out clear summaries of the 10 ‘key asks’ BIBA is making of stakeholders and, in turn, the 10 ‘key commitments’ the association has made to help build resilience.
BIBA CEO, Graeme Trudgill, explains: “We want to be crystal clear on what we want to achieve for our members, and highlighting the most important issues puts them sharply into focus. A key part of our asks is to ensure that the reforms announced by His Majesty’s Treasury and the Financial Conduct Authority are implemented as a matter of urgency, driving efficiencies so that our members can actively contribute our nation’s resilience. A Financial Services Bill is needed early in 2026 to realise the Leeds Reforms, and we will work constructively with the FCA to continue creating efficiencies for insurance brokers.”
The 2026 BIBA Manifesto recognises the evolving risks now facing people and businesses and BIBA is committed to addressing these. We will be working to increase the penetration of stand-alone cyber insurance cover by demystifying policy language, helping brokers be cyber confident through training and education and encouraging consideration of cyber essentials.
On flood risk BIBA is making several calls for action on mitigating the risk through enforcing planning rules and encouraging flood resilient building. We are also calling for consultation on the future of Flood Re post its planned end date of 2039 and to consider ways to reduce the SME flood ‘protection-gap’,
Ahead of the development of the 2026 Manifesto BIBA garnered member views across the country and a consistent theme was on helping brokers become more efficient. We will continue to push ways to reduce the frictional cost of regulation so that brokers’ time can be focused on supporting their customers and building their resilience.
We also plan to publish new and updated member guidance on subjects including on Fair Value Assessments, professional indemnity insurance and trading in a soft market as well as supporting professional standards and developing a programme on artificial intelligence.
BIBA’s new Chair, Caroline Barr, concludes: This is a Manifesto for the times we are facing. Resilience to financial shock is essential for people, businesses and the economy. Insurance brokers are key to building resilience, providing insurance cover that gives families peace of mind and businesses the confidence to grow and thrive. We are committed to ensuring that insurance is available to all those who need it and to helping our members deliver on that need.”
BIBA’s key asks
| Rank | Ask | Stakeholder |
| 1 | Introduce a new Financial Services Bill in early 2026 | Government |
| 2 | Continue the momentum on simplifying the insurance rules in early 2026 to further reduce the frictional cost of regulation | FCA |
| 3 | Further simplification of the FCA rulebook and reporting requirements and to minimise ad-hoc data requests from the FCA | FCA |
| 4 | Promote cyber insurance as a key pillar of building cyber resilience | Government and Insurance Industry |
| 5 | No increase in Insurance Premium Tax (IPT) over the course of this Parliament, while creating an IPT carve out for cyber insurance to encourage uptake | Government |
| 6 | Working together to reduce flood risk and secure long term, sustainable flood insurance capacity | Government and Insurance Industry |
| 7 | Roll-out of total retail signposting | Insurance Industry |
| 8 | Working together to introduce the new fair value product information exchange template | Insurance Industry |
| 9 | For Government to review the FOS to ensure its role is that of a simple, impartial dispute resolution service | Government |
| 10 | To improve the claims environment in Northern Ireland so that the supply of affordable personal lines capacity available to brokers can be maintained and grown, helping secure good customer outcomes | Government, Northern Ireland Executive & FCA |
BIBA’s key commitments
| 1 | Promoting the value of insurance brokers by running another Ben the Broker campaign |
| 2 | Working with Markel to expand insurance broker understanding of AI by establishing an AI training school for BIBA members |
| 3 | Encouraging new entrants into insurance broking by creating a new starting-up in broking guide |
| 4 | Building a directory of brokers able to advise on, and place, cyber risk and signpost businesses to it |
| 5 | Progressing BIBA’s schools’ initiative and working with the CII on a talent and skills programme to grow a pipeline of new entrants and returnees to the sector |
| 6 | Continuing our work with Gracechurch on insurer service |
| 7 | Dedicating time and resource to achieve our social commitments |
| 8 | Educating SMEs on insurance and the benefits of using an insurance broker by publishing and promoting new guidance |
| 9 | Supporting our members with their own professional indemnity (PI) by delivering a new guide to brokers’ PI risks |
| 10 | Supporting leaseholders through our programme of work with MHCLG |
