For whom does BIBA represent interests?

BIBA, which stands for the British Insurance Brokers' Association, represents the interests of insurance brokers and intermediaries operating in the UK. As a trade association, BIBA plays a crucial role in advocating for its members, which include those who facilitate insurance transactions between clients and insurers. This representation includes providing guidance, resources, and support to brokers to enhance their professional standards and operational effectiveness.

By focusing on the needs and challenges faced by brokers and intermediaries, BIBA ensures that their voices are heard within the insurance industry and in discussions with regulators and other stakeholders. This advocacy is essential for maintaining a healthy and competitive insurance market, ultimately benefiting the clients that brokers serve. In contrast, the other options are not correct because BIBA does not represent underwriters, insurance regulators, or policyholders directly; its primary focus is on brokers and intermediaries.