Biba has made several commitments to furthering broker understanding and use of insurtech, including setting up a government-backed ‘insurtech cluster’

In its manifesto, Biba has pledged to “demystify” insurtech for brokers.

“The UK is in a position where it can become a world-leader in insurtech and Biba has an active role in delivering that,” the manifesto reads.

It will aim to deliver a “mechanism” to keep brokers up to date with emerging technologies, and aims to play an active role in helping new insurtech firms develop.

Biba has set out three clear calls for action, that it hopes will bring brokers and innovation together.

Biba’s calls for action

  • For Government to engage with the industry in establishing an insurtech cluster.
  • For the Financial Conduct Authority (FCA) to engage with the industry to streamline the regulatory approval process to enable firms to get to market much quicker.
  • To simplify the rules surrounding schemes such as the Seed Enterprise Investment Scheme (SEIS) and make them available for insurance firms currently excluded.

Source: Biba Manifesto 2018

 

 

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.