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Conditions of Membership

The ABI welcomes firms operating in the long-term savings and insurance market, please get in touch here to see how we can work together and support your firm. We have over 300 firms in our membership.

Between them, they provide some 90% of insurance premiums in the UK. Our member companies account for almost 25% of investments in the London Stock Market.

The below documents relate to the compulsory arrangements that are conditions of ABI membership. An arrangement is any agreement or undertaking between members that the ABI is a party to, facilitates or administers.

Compulsory Arrangements applicable to all our Members 

Code on Genetic Testing and Insurance.

Scope: Applies to all ABI members. However, there are specific compliance requirements on members transacting relevant classes of business (income protection, critical illness and life insurance).

Key principle: Providing fair access to insurance by allowing people to take out substantial amounts of cover without having to disclose the results of predictive genetic tests, whilst maintaining insurers’ fair access to relevant information for fair assessment and risk pricing.

Current version: 2018

Reviews: every three years, reviewed by ABI and Government. 

Mortgage Endowment Policy Review Code of Practice

Scope: Applies to all members with mortgage endowment books.

Key principle: To ensure that customers who are facing a shortfall in their mortgage endowment are given appropriate information on dealing with the shortfall, how to apply for redress and any time bars that may apply in relation to redress.

Current version: April 2011

Transparency and access in motor and travel insurance for older people. Agreement on age and insurance

Scope: Applies to members selling travel and/or private motor insurance which applies upper age limits.

Key principle: Members that use maximum age limits for motor and travel insurance will refer people aged above that maximum limit to a provider or suitable signposting service than can meet their needs.

Current version: August 2023

Reviews: Reviewed periodically as appropriate (typically every three years)

Guide to Minimum Standards for Critical Illness Cover 
(replaced the Statement of Best Practice for Critical Illness Insurance Cover)

Scope: Applies to critical illness insurance including the critical illness element of all individual long-term products featuring critical illness cover. 

Key principle: Assists consumers and advisers to understand and compare critical illness policies through the setting out of minimum standards of cover for certain conditions and the provision of standard definitions for common exclusions.

Current version: September 2022

Reviews: A full review is carried out every three years. 

May 2018

Association of British Insurers
Member Relations
One America Square
17 Crosswall
London EC3N 2LB

Tel: 020 7600 3333 
Email: [email protected] 
www.abi.org uk