BIBA brings 1st Central into the fold
6th November 2014
The British Insurance Brokers’ Association (BIBA) has welcomed First Central Insurance Management Ltd into its membership.
First Central Insurance Management Ltd is a personal lines motor broker based in Haywards Heath. Part of the First Central Group, the 1ST CENTRAL brand was launched in 2008 and has rapidly made a big name for itself in the world of car insurance and has sold over one million policies through price comparison websites and www.1stcentralinsurance.com.
Steve White, BIBA’s Chief Executive, said: “We are delighted to welcome First Central Insurance Management Ltd into membership and we look forward to working together on the important issues around motor insurance.”
Andy James, CEO of First Central Insurance Management, commented: “This is an exciting time for us as we continue to see extensive growth across the business. It’s great to be recognised by BIBA for this growth, the quality of our customer offering and our ongoing work to reduce fraud in the industry. We’ll be working closely with BIBA in the future, offering our expertise on key issues and supporting the development of the industry.”
Membership of BIBA comes at a key moment for First Central Insurance Management following recent industry accolades such as winning Counter Fraud Initiative of the Year – Personal Lines and Young Fraud Investigator of the Year at the Insurance Fraud Awards 2014 and securing Employer of the Year at the 2014 Gatwick Diamond Business awards as well as being shortlisted for a number of Technology and Marketing awards.
First Central Insurance Management Ltd joins with immediate effect representing around 500 members of staff and over 300,000 customers.
Notes to editors
1. For further information please contact:
BIBA press office:
Leighann Forsyth, Head of Communications
020 7397 0223
2. About 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 having merged with the Institute of Insurance Brokers (IIB) in November 2011.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.
53% of all general insurance is sold by an insurance broker and they arrange 81% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 400,000 people a year to access insurance protection through it’s Find a Broker service, both online and via the telephone.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues. BIBA provides unique schemes and facilities, technical advice, guidance on regulation and business support and is helping to raise, and maintain, industry standards.
3. About 1ST CENTRAL
1ST CENTRAL is an online motor insurer founded by Ken Acott, Pat Tilley, Peter Creed and Mike Leonard. 1ST CENTRAL Insurance has enjoyed incredible growth since its launch in 2008, saving over one million UK policyholders money on their motor insurance and servicing over £0.5bn of premium in its first five years of trading. 1ST CENTRAL provides employment for 600 staff and was awarded Employer of the Year at the 2014 Gatwick Diamond Business awards. 1st CENTRAL has also recently been awarded Counter Fraud Initiative of the Year – Personal Lines and Young Fraud Investigator of the Year at the Insurance Fraud Awards 2014.
A period of investment in the business through 2013 has seen 1ST CENTRAL reinforce its management team with recognised industry experts and install market leading technological solutions. 1ST CENTRAL is a trading name used by the First Central Group (Group) companies. 1ST CENTRAL is now firmly established as a top ten provider in the UK motor aggregator market and is ready to move into its next phase of sustained growth and expansion.