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Brokers code committee launches new website

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The Insurance Brokers Code Compliance Committee has launched a new website today that it hopes will improve standards in the broking industry.

The committee says the website has been designed to empower consumers, helping brokers provide better services to clients.

A statement issued today says the new website is “an exciting development”, providing information about the code, the obligations built into it, the committee and its work, and publications.

“Importantly, it also makes it easy to flag a concern about the industry concerning a breach of the obligations under the code directly with this independent body,” the statement says.

“The committee hopes this online presence will raise community awareness about the important consumer protections enshrined in the code and help to share the guidance the committee offers to subscribers about meeting those obligations.”

The new website comes as brokers face new pressure to take their code obligations seriously. The committee’s annual review last year showed a 32% rise in self-reported breaches and 57% of subscribers reported zero breaches.

Click here for the website.