BIBA has announced the launch of its Access to Insurance Committee, following a renewed focus on helping consumers access suitable insurance protection.
It follows the publication of BIBA’s 2020 manifesto entitled ‘Access’, as well as an intervention from both the Financial Conduct Authority (FCA) on travel insurance and the Cabinet Office on protection insurance.
BIBA has now said that the multi-sector committee will work to “drive forward progress” in the industry.
The association said it has “championed” access and signposting since 2012. It is now working alongside the FCA to improve access to travel insurance for people with medical conditions, as well as Industry Disability Champion, Johnny Timpson to help “drive better access to protection covers”.
The Access to Insurance Committee will now work to “continue the focus” on access, and “channel the excellent progress these initiatives have made and build on the success enjoyed helping older people find insurance”.
The committee will assist consumers in accessing different types of insurance where they face challenges due to age, medical conditions or disability or because of prevailing conditions.
It will be chaired by Caroline Barr, and also includes BIBA executive director, Graeme Trudgill, Johnny Timpson and representatives from insurers, brokers, charities, and other stakeholders.
Trudgill said: “The group we formed as part of the signposting worksteam in the Access to Insurance Steering Group led by Johnny Timpson was highly productive and, as its work completed, we agreed we should harness the determination and ambition of the group to drive forward wider access to insurance. BIBA was delighted to be able to facilitate this.”
Barr said: “We have a fabulous opportunity to re-present insurance as a force for good, by collaborating to help consumers.
“Signposting means that firms can point a customer to assistance even where they themselves cannot find cover for them. What we need is more awareness of signposting and more collaboration. This can be a game-changer for many facing difficulty and is why I was delighted to be asked to chair AIC.”
Timpson said: “ Personally, as the Cabinet Office Disability and Access Champion for the Insurance Industry and Profession plus a CII Insuring Women’s Futures Programme expert panel member, I welcome the establishment of the new BIBA Access To Insurance Committee and its commitment to improving signposting to aid all consumers, especially those with visible and/or non-visible disabilities and/or health conditions, better access the insurance information, advice, cover and outcomes that they need.”