FullCircl’s reply to BIBA’s 2024 Manifesto: Revolutionizing UK brokers!

February 3, 2024
1 min read

TLDR:

FullCircl, an InsurTech company, has responded to the British Insurance Brokers’ Association’s (BIBA) newly unveiled 2024 Manifesto. The Manifesto addresses the challenges and opportunities facing insurance brokers in the UK’s current economic climate, particularly highlighting the rising insurance premiums faced by SMEs. FullCircl praises BIBA’s efforts to collaborate with the Association of British Insurers and provide access to the insurance committee for vulnerable individuals and businesses. The Manifesto also discusses societal and environmental concerns, such as reducing Insurance Premium Tax on mandatory insurance classes and addressing the Grenfell Tower tragedy. FullCircl emphasizes the need for leniency and clarity in business regulations and highlights the potential of data and information to transform the insurance industry.

FullCircl has responded to the British Insurance Brokers’ Association’s (BIBA) 2024 Manifesto, highlighting the challenges and opportunities for insurance brokers in the UK’s current economic climate. The Manifesto focuses on rising insurance premiums faced by SMEs and the importance of risk as a catalyst for growth and economic recovery. FullCircl supports BIBA’s collaboration with the Association of British Insurers, which aids vulnerable individuals and businesses. The company emphasizes the need for leniency and clarity in business regulations and emphasizes the potential of data to revolutionize the insurance industry.

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