Biba, the ABI, and the Institute of Insurance Brokers have issued their recommended core principles for Terms of business Agreements (TOBA) between insurance brokers and companies.
The FSA requirement for all intermediaries to, in effect, have written agency agreements with the insurers they represent will mean the industry will need to review and reissue TOBAs before regulation begins, said the ABI.
The FSA said many firms would find that the TOBA guidelines represented a useful summary of the type of key issues that firms should have in mind when setting up a TOBA.
click here to view the guidelines in full.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
