Claims

An insurance broker is often key in helping a customer to recover following a claim. The Industry Claims Working Group (ICWG), chaired by BIBA, brings together stakeholders to find ways to help customers have a positive claims experience.

BIBA COMMITMENT

To support the ICWG in exploring ways to:

  • Get valid claims paid as quickly as possible;
  • Consider where a broker can add the best value during the claims process to ensure fair settlement; and
  • Engage with the Financial Ombudsman Service (FOS) following the expansion of their remit to adjudicate on complaints from SMEs to deliver fair outcomes.

BIBA has more than 1,800 individually FCA regulated firms registered as members. 

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