BIBA backs insurance signposting system

Published on

The British Insurance Brokers’ Association (BIBA) is backing the government’s signposting proposals, which it believes will maximise the likelihood of older customers finding insurance, in its response to a Government Equalities Office consultation paper.

In the consultation the government shows its intention to end age discrimination in the provision of goods and services and to encourage action to improve access to insurance products. It outlines signposting, a system where individuals receive helpful guidance that directs them to a suitable insurance provider if they are refused insurance based on their age, as an initiative to achieve this.

BIBA says mproving access to financial services particularly for young and older drivers, and older travellers seeking insurance is important and signposting is the most effective way to achieve this.

The signpost system would be either an organisation who the seller knows can help the customer, or to a ‘catch all’ dedicated signposting centre like BIBA’s Find a Broker service. Around 34% of all the enquiries received by BIBA’s Find a Broker service are age related.

Graeme Trudgill, BIBA’s head of corporate affairs, said: “Many customers experience difficulty obtaining insurance because they do not know where to find it if they have been rejected from a particular provider such as their bank or a comparison site

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Eden publishes guide to help movers navigate conveyancing process

Eden Conveyancing has released a free Smart Home Movers Guide 2026 to help buyers,...

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...

JammJar adds identity verification through Entrust partnership

JammJar has partnered with Entrust to allow mortgage brokers to complete automated identity verification...

Latest publication

Other news

Eden publishes guide to help movers navigate conveyancing process

Eden Conveyancing has released a free Smart Home Movers Guide 2026 to help buyers,...

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...