Nicky Morgan pledges support for Biba manifesto in new show

A new ITN programme ‘De-risking the Future’ will feature an interview with chair of the Treasury Select Committee, Nicky Morgan.

In the online show, Morgan championed the Biba manifesto and commented: “The Treasury Select Committee quizzes senior officials from the FCA several times a year so the issue of the burden of regulation is very alive to those the FCA regulates and they will ask the Treasury Select Committee to raise these issues.”

The programme showcases how the burden of regulation is hitting companies by the FCA.

It explores how the role of the broker is changing and aim to tackle how the sector is embracing professionalism and diversification, and striving for proportionate regulation.

In addition, the programme features a special report on how broker productivity is impacted on by a slew of regulation.

A recent survey found that nine in 10 brokers find new regulations to be overly “burdensome”.

Steve White, chief executive, Biba, said: “I am proud to be working with ITN Productions, who have produced this exciting and professional programme to promote the benefits of insurance brokers to a wide reaching audience.

“We are delighted that Nicky Morgan MP has discussed the burden of regulation and the opportunities to raise these with the Treasury Select Committee. We will continue to work with her to provide the evidence that she needs to question the FCA over why specific regulations are needed or drafted in a particular way.

“De-Risking the Future will demonstrate that our sector is strong, innovative and evolving - all underpinning the wider messages about the benefits of using insurance brokers. At a time when customers’ buying habits and risks are changing, the programme will highlight a range of issues such as cyber insurance, technology and how brokers can help customers to access insurance.”

Simon Shelley, head of industry news, ITN Productions, said: “ITN Productions has been delighted to partner with Biba to create ‘De-risking the Future’. We hope this programme will help to inform and enlighten viewers about the ROLE of the trusted insurance broker, especially during a time of extensive change. We are extremely pleased with how this programme brings to life the people and innovations within insurance, we hope this can be used to share ideas and promote best practice within the sector and wider audience.”

The show is presented by Natasha Kaplinsky.

Applied Systems, ARAG, Ashley Page, Barbon, Cunningham Lindsey, Cytora, Legal & General, PremFina, RSA, SSP, Stanmore and Staysure will all feature in the programme, which can be viewed on Biba’s website.