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75% of brokers say regulation is the main issue facing their business

A broker survey carried out on behalf of the British Insurance Brokers’ Association has revealed that for three quarters of all brokers, regulation is the main issue facing their b

Related topics:  Protection
Millie Dyson
16th May 2012
Protection ring
When asked which issues members wanted BIBA to represent to government, nearly 90% said more appropriate and proportionate regulation; 80% said more cost effective regulation; and nearly 75% said reform of the FSCS.

Eric Galbraith, BIBA Chief Executive, said:

“I am delighted to see that 95% of our members are satisfied with the job BIBA is doing.  However my real challenge is to move the 42% of members who said they are satisfied with our activities to join the 54% who are either very or extremely satisfied.

“Regulation remains our key priority so it is good to see that we are aligned to members needs and I’m also pleased that merger with the IIB has been well received.  We will be using the results to shape the future of the association and I want to thank all the brokers who took the time to complete this important survey.”
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