25th June 2016

In response to a need to help members of the Armed Forces access suitable insurance protection, the British Insurance Brokers’ Association (BIBA) has identified members that can commit to providing more flexibility in the insurance arrangements for service personnel and their families.  These insurance brokers have committed to:

  • Waiving cancellation fees and providing a pro-rata rebate when a member of the armed forces community is posted overseas; and
  • Freezing any No Claims Discounts accrued by a member of the armed forces community on their motor insurance for up to three years.

BIBA has agreed to work with the Ministry of Defence (MoD) to implement ‘signposting’ to appropriate brokers that specialise in cover for military personnel.  To make it even easier, the Find- A- Broker service operated by BIBA via www.biba.org.uk or by calling 0370 950 1790 (9 to 5 Monday to Friday) can connect service people with the brokers most able to find an appropriate insurance solution.  With many insurers also making commitments on waiving cancellation fees and maintaining no claims discounts, accessing suitable insurance for the armed forces is now much more straightforward.

Graeme Trudgill, Executive Director at BIBA said: “We are delighted to be able to provide some additional flexibility to members of our Armed Forces who have not always found it easy to arrange suitable insurance cover to protect themselves or their property.  It is particularly pleasing on this day, celebrating all of Her Majesty’s Forces to be able to announce that insurance brokers are providing a solution that will make a difference to the members of our Services.”

Keith Frampton of BIBA member Forces Insurance Limited added; “The insurance needs of the military have been discussed at the highest level.  In addition to the commitment to the MoD on cancellation fees and no claim discounts, we and a number of other BIBA members, can supply policies specifically tailored to serving members of the Armed Forces including ‘laid up’ motor cover when personnel are on deployment; full motor or home cover when ‘on base’; business driving use to enable personnel to visit more than one military base for duty purposes; and providing cover when personnel are based overseas.”

Defence Secretary Michael Fallon said: “When our Armed Forces are posted overseas to protect our country they can lose out from the discounts the rest of us take for granted.  This is a welcome move from the leading insurers to help them get a fair deal.  I look forward to further pledges from businesses to support the Armed Forces Covenant.”

Trudgill concluded; “The insurance needs of the Armed Forces can be quite complex and require special treatment which is why it is important for military personnel to speak to an insurance broker who really understands their requirements.”




Notes to editors


Become a BIBA member

Membership that gives you more. We help support, protect, represent and promote brokers. Our experienced and dedicated team are here to help you!

Find out more