The British Insurance Brokers’ Association (BIBA)1 launched its guide on helping brokers affected by the Insurance Act 2015 (the Act) operate under the new framework for insurance law in the UK.

The guide, developed in conjunction with Mactavish, looks at what is meant by “fair representation” and “reasonable search” under the Act and aims to provide clarity around these principles.

The reforms brought in by the Act significantly change UK insurance law in order to offer insurers, brokers and policyholders a legal framework which is in line with the practices of today’s insurance market.

BIBA believes this modernisation can only be achieved if its members are given a practical structure to ensure compliance with the Act with a consistent and fair approach, which is intended to be embodied in the guide.