The British Insurance Brokers' Association (BIBA) is the UK 's leading general insurance organisation representing the interests of insurance brokers, intermediaries and their customers. BIBA membership includes 1,700 regulated firms. BIBA brokers handle around half the value of all UK home, contents, motor, travel, commercial and industrial insurance policies. Insurance brokers make a direct and indirect contribution of 1% to UK GDP.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues. BIBA provides unique schemes and facilities, technical advice, guidance on regulation and business support and is helping to raise, and maintain, industry standards.
BIBA confirms renewal of Holiday Travel Scheme
BIBA is pleased to announce that its Holiday Travel scheme has been renewed with Syndicate DTW1991 at Lloyd’s.
Daniel Wright – Active Underwriter, DTW1991 said:
“The BIBA endorsement is important to our business and key in developing our travel expertise. The renewal provided us the opportunity to review our offering in detail and to discuss feedback from our BIBA partners. Through this process we have enhanced our underwriting and claims response for the benefit of the customer.”
The DTW1991 Holiday Travel+ product offers broad cover to the holiday traveller, it has now been enhanced to include the following:
- “All Risks” Cancellation cover
- Missed Departure for any leg of the client’s journey
- Cover for pre-existing mental health medical conditions (subject to medical screening)
DTW1991 continues to offer BIBA brokers a direct relationship with its experienced underwriting team for referrals, advice and onsite training.
Business is transacted through the DTW1991 online platform to produce quotes, bind polices, process endorsements and manage renewals. The system can be embedded into a broker’s own website.
Steve White – Chief Executive BIBA said:
“The team at DTW1991 has worked closely with us to respond to the changing demands of holiday travel insurance customers and we welcome the new ‘All Risks’ cancellation cover. Our members find this flagship scheme easy to sell and their customers will find the cover to be extensive. They have the benefit of direct access to specialist underwriters so we’re delighted to have appointed DTW1991 as the BIBA Holiday Travel Scheme provider for a further three years and we look forward to working with them on this key member scheme.”
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