The British Insurance Brokers' Association (BIBA) has announced its key priorities for 2013.

BIBA launched its “manifesto”, called Meeting the Growth Challenge, at a reception in the UK Parliament hosted by the Chairman of the All Party Parliamentary Group on Insurance and Financial Services, Jonathan Evans.

The manifesto addresses a range of issues facing UK brokers in 2013, including reforms to the funding of the Financial Services Compensation Scheme, the transition to new regulator the Financial Conduct Authority and proposed revisions to the European Insurance Mediation Directive.

BIBA CEO Eric Galbraith told the reception that brokers “support the need for appropriate regulation of financial services but are looking for the right balance ensuring suitable customer protection aligned with proportionate regulation”.

Issues such as the motor market, flood insurance, the Employers’ Liability Tracing Office, reform of insurance law, fraud, underinsurance, business continuity and developing careers in the broking sector are also covered in the manifesto.

Mr Galbraith says the document, which was created after consultation with BIBA’s committees and members, allows the association to “quickly and concisely deliver our messages”.

“It also emphasises the importance of general insurance brokers to the UK economy.”