BIBA renews GAP Scheme with Jackson Lee Underwriting
The British Insurance Brokers’ Association (BIBA) has renewed its GAP scheme with Jackson Lee Underwriting for a further three years.
It is the second renewal for the scheme after the partnership began in 2012. Jackson Lee has been offering GAP Insurance exclusively to insurance brokers for over 27 years.
The GAP scheme, which is exclusive to BIBA members, covers most personal and commercial vehicles from motorcycles to 44-ton tractor units and fleets. Additionally, it will cover most uses including courier, driving instructors and taxis.
BIBA has also changed the wording to provide ‘Universal GAP’ insurance with just three exclusions. It was developed to offer a plain English policy wording that gives customers contract certainty.
BIBA said the renewal will be of particular benefit to BIBA members given the recent reduction of GAP capacity in the UK.
“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," said BIBA’s CEO Steve White. "We’re delighted to be renewing the Scheme with Jackson Lee.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news Travelers posts record net written premiums in 2018
AXA hires new UK and Ireland COO from Hiscox
Tokio Marine reveals new CEO, chairman following departures
Download our survey inforgraphic: 'The Impact of Automation on Commercial Lines'
