Homer: Biba should represent all forms of intermediation

clock • 1 min read

The British Insurance Brokers' Association (Biba) should be the trade body for all forms of intermediation and not limit itself to brokers according to its new chairman, Andy Homer.

In an exclusive joint interview with chief executive Eric Galbraith, Mr Homer spoke about the blurring of lines between manufacturing and distribution, focusing on how the association could broaden its representation and influence.

"I think a lot of members will say ‘we are a broker association' and I understand that but we need to have conversation about what a broker, MGA or an aggregator is," said Mr Homer.

"But Biba has got to be THE trade body for insurance intermediation of every shape or form," he added.

He said that if Biba could secure that position, it would grow further and achieve greater success.

"Part of my thinking is asking why we don't have one voice even if we've got different sets of interests and if we can crack that and everyone feels they are getting sensible representation for their issues, Biba will go on and grow and be successful," he predicted.

Mr Galbraith agreed with the stance but said he was under no illusions that there would be no resistance from the membership if Biba does manage to go down this route.

"There will always be challenges in some of these things," he said, adding: "You always need people that are going to challenge what you do - if you don't there's something wrong."

Mr Homer added: "An intelligent membership will make up its own mind. Brokers can sell their niche products on aggregators and sell loads of business. It's not just for big insurance companies."

For the full interview, see here.

More on PMI

General and Medical Healthcare joins amii
PMI

General and Medical Healthcare joins amii

PMI provider

Jaskeet Briah
clock 04 November 2024 • 1 min read
Benenden Health names Tom Woolgrove as CEO
PMI

Benenden Health names Tom Woolgrove as CEO

Former CII president

Jaskeet Briah
clock 29 October 2024 • 1 min read
Societal ageing and climate change adding to healthcare challenges
PMI

Societal ageing and climate change adding to healthcare challenges

AXA research shows

Jaskeet Briah
clock 14 October 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read