The British Insurance Brokers’ Association (BIBA) has renewed its GAP scheme with Jackson Lee Underwriting for a further three years, extending the relationship that began in 2012.
The GAP scheme, which is exclusive to BIBA members, covers most personal and commercial vehicles from motorcycles to 44-ton tractor units and fleets and will cover most uses including courier, driving instructors and taxis. The wording has also been enhanced to provide ‘Universal GAP’ insurance with just three exclusions. It was developed to offer a plain English policy wording that gives customers contract certainty. The Scheme has paid 100% of claims in the past three years.
The renewal will be of particular benefit to BIBA members given the recent reduction of GAP capacity in the UK. BIBA’s CEO Steve White commented: “Our members find this flagship scheme very valuable. It is easy to market; Jackson Lee provides a first class service and their customers find the cover to be extensive and reliable from secure A rated capacity. We’re delighted to be renewing the Scheme with Jackson Lee.”
BIBA members will also benefit from the continuation of the direct relationship with Jackson Lee’s underwriting team for referrals, advice, marketing support and either onsite or webinar-based training. Policies are transacted through Jackson Lee’s online quote and buy platform ABEL which produces quotes, binds policies, processes endorsements and manages the renewals.
Jackson Lee Underwriting was established in 1991 and has been offering GAP Insurance for over 27 years exclusively to insurance brokers. It also provides the BIBA approved Leisure Insurance Scheme, which includes Camera Equipment, Cycle, Fishing Equipment, Static Caravan and Touring Caravan.
Mark McLaren, Joint Managing Director, Jackson Lee Underwriting, said: “We’re proud and delighted to be renewing our specialist BIBA GAP Scheme. BIBA’s continued support is recognition of our commitment to the quality of our products and services and our long heritage and expertise in developing niche insurance. As we start the New Year, we look forward to engaging further with BIBA members to continue to meet their needs in 2019 and beyond.”
For further information on BIBA please contact:
Pam Quinn
Head of Communications 020 7397 0223 quinnp@biba.org.uk
Leighann Forsyth
Deputy Head of Communications 020 7397 0223 forsythl@biba.org.uk
For further information on Jackson Lee Underwriting please contact:
SJ Wrigley
Spotlight Consulting on 07909546104 or sj@spotlightconsulting.co.uk
About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers. BIBA membership includes just under 2,000 regulated firms.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.
52% of all general insurance is sold by an insurance broker and they arrange 78% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 250,000 people a year to access insurance protection through its Find a Broker service, both online and via the telephone.
BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.
About Jackson Lee Underwriting
Jackson Lee Underwriting is an MGA celebrating 27 years in business this year with offices in London, Devon and Warwickshire. It has been the BIBA approved GAP scheme provider since 2012 and specialises in bringing a broad range of innovative niche insurance products to the broker market.