The British Insurance Brokers’ Association (BIBA) has won the Commercial Initiative award at the prestigious Trade Association Forum Best Practice Awards.
BIBA in conjunction with Tokio Marine Europe Insurance Ltd have developed a personal travel insurance policy for its members to sell. The product has proved a great success over the three years that it has been offered, providing families with high quality, low cost travel insurance which has helped reshape the UK travel insurance market.
The result is a win situation. The public benefit through a much better travel insurance product, BIBA’s members generate income from selling it and BIBA has generated a further income stream to invest in its members.
BIBA Chief Executive, Eric Galbraith, said: “This is an excellent example of how BIBA is achieving success on behalf of members. This award is a testament to the hard work of the BIBA team and we are delighted to receive recognition from our trade association peers, this is our hat trick of Trade Association wins, building on success in 2008 and 2009.
Alastair Blundell, Executive Operations Officer at Tokio Marine Europe Insurance Limited said, “We are delighted that the BIBA travel product has won this prestigious award. Our aim from the start was to develop a market leading product which the BIBA membership could sell with confidence and would demonstrate why a consumer benefits from purchasing insurance via a professional broker.”
The awards, hosted by the Trade Association Forum, received more than 130 entries and were presented at a ceremony at Hotel Russell, on 1 July.
