BIBA renews Credit Management and Bonds Scheme
10th March 2014
The British Insurance Brokers’ Association (BIBA) has renewed its Credit Management and Bonds Scheme with Perkins Slade Limited.
The scheme has proved a success with members since its launch three years ago by providing affordable cover and access to expert advice on credit and bond risks. The scheme benefits BIBA members by enhancing the customer offering and providing an additional revenue stream and cross-selling opportunities, whilst also offering competitive commission and marketing support.
In addition the wider scope of cover and product offerings have been designed to improve financial security and credit control for clients, which assist in helping their businesses grow and prosper.
Darren Felsenstein, Credit Development Executive at Perkins Slade, commented: “We are delighted to have been appointed as BIBA’s endorsed provider of credit management and bond products for a further three years. We have engaged and worked with members considerably during our tenure in order to enhance their customer proposition on credit and bond risks. Our re-appointment will allow us to continue and build on the work we have done up until now.”
Steve Foulsham, BIBA’s Head of Technical Services, commented: “Perkins Slade have demonstrated considerable commitment to the marketing and education of members in this specialist class of business. Utilising the expertise of Perkins Slade for a further period will enable members to continue to have access to expert advice and a comprehensive range of products in the credit management and bonds sector.”
For further information visit www.biba-credit-and-bonds.com
Notes to editors
1. Click here for photo of Darren Felsenstein
2. For further information please contact:
BIBA press office:
Leighann Forsyth, Head of Communications
020 7397 0223
3. 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.