An additional pension taken from a pension scheme to ‘bridge’ the gap between actual retirement and state pensionable age at which time it is replaced by the state pension so there is no loss of income.

The body that set up the pool of insurers to cover nuclear perils.

Represents 2,000 brokerage members, representing 37,000 employees. Its interests cover home, motor, travel and the commercial and industrial insurance markets. It aims to enhance the status and recognition of members through the maintenance of high standards, public relations, government and parliamentary contacts. (www.biba.org. uk).

Brings together members from insurers, brokers, other intermediaries, academics, solicitors and barristers, all interested in insurance law. BILA holds regular talks and conferences on insurance law topics. It produces technical papers for various bodies including the UK government and the Law Reform Commission. It has initiated many changes to the world of insurance. BILA is also the British Chapter of Association International de Droit des Assurances (AIDA) and is an active participant in its quadrennial world congress.

The organisation which coordinates the various sectors of the shipping industry, and includes both the London marine market, underwriting hull and cargo business, and the Protection and Indemnity Clubs underwriting shipowners’ liabilities in mutual associations.

Requires all boat owners to have third party cover with a minimum £1 million indemnity on most inland waterways. The British Waterways Authority seeks evidence of insurance before issuing the boat owner’s annual licence to use its waterways.