The British Insurance Brokers’ Association (BIBA) has a new committee aimed at representing the interests of BIBA members on matters related to technology and innovation.

The insurance technology and innovation committee consists of founding members Acturis, Applied Systems, Durell, HUGHUB, Open GI, Polaris, Schemeserve, and SSP. These committee members have become BIBA associates and will meet quarterly.

“Long established software houses, as well as new and emerging technology providers, have become part of the critical infrastructure within intermediary offices,” noted Polaris standards head Steve Waller, who chairs the new committee.

“They are relied upon to manage day-to-day operations, to trade, to document compliance, and to innovate. We’re pleased to support this new committee to encourage representation and collaboration on the big issues.”

Meanwhile a number of BIBA members have been invited to attend the committee meetings to give varied intermediary perspectives on market trends and developments including regulatory changes.

BIBA commercial head Nicola Maguire commented: “We are excited at the possibility for this committee to ultimately become the go-to place for third-party organisations and decision-makers, including government and other regulatory bodies.

“This will allow them to seek advice when they are making decisions on industry matters that will have an impact on the insurance eco-system. This will help the insurance technology and innovation providers to deliver effectively and our members will benefit from smooth transitions during periods of change.”