Blogs

  • Good COP, Bad COP? Insurers and the call to arms against climate change

    01/12/2021

    COP 26 had an air of energy, motivation and urgency about it that inspires cautious optimism, yet the scale of the challenge is daunting. Government policy, regulation and customer demands means that joining the race to net zero is no longer optional and insurers have a key role to play in both adaptation and mitigation. One of these roles is as investors in the transition: Solvency II and climate change will be the twin themes of our prudential regulation session at the ABI’s annual conference next year, which will be a timely opportunity to debate reform and the government’s investment objectives.

  • Helping Customers navigate the transition to Net Zero

    17/11/2021

    In advance of our Annual Conference 2022, our Climate Change Manager, Ben Howarth, looks at how the General Insurance sector can start to support consumers with the Net Zero transition.

  • Reflections on COP26

    15/11/2021

    Ben Wilson, Director of Corporate Affairs and Climate Change, blogs here on his reflections of the COP26 climate summit and the next steps to fully unlock the potential of our sector to support collective efforts to reach Net Zero

  • Is general insurance living through a perfect storm?

    25/10/2021

    Hardening markets across many product lines is a key challenge taking up significant attention across the general insurance market. James Dalton explores the causes, reputational consequences and potential solutions to this challenge. In particular, he explores how the market needs to adapt and look forward to ensure it continues to respond to customer demands, help customers navigate the current hard market and be prepared for the future challenges that are coming, most notably the upcoming implementation of the FCA’s GI Pricing reforms.

  • The season of the three i’s: How insurers role in investment and infrastructure can help the UK to ‘level -up’

    22/10/2021

    The insurance and long-term savings sector can play a key role in helping meet the unprecedented challenges and opportunities of investing in major infrastructure projects. Ahead of the Autumn Budget…

  • Urgent action for a sector where everyone can thrive

    21/10/2021

    Maxine Goddard writes about the need for speed and urgent action to turn the Insurance and Long-term Savings sector into a place where everyone can succeed. This was the theme of the recent ABI Diversity Summit, which Maxine chaired, and that focussed on how we can improve ethnic and socio-economic diversity and create a culture that welcomes all.

  • In Defence of Flood Defence Maintenance

    20/10/2021

    With flood a prevalent risk faced by UK insurers – and with losses expected to increase in a changing climate – flood defences are more important than ever. But should we be spending more on defence maintenance? This blog from flood risk specialists JBA introduces an ABI/Flood Re study on this topic.

  • A healthy economy needs a healthy workforce

    19/10/2021

    In his forthcoming Budget, the Chancellor needs to resist any temptation to raise the rate of Insurance Premium Tax, especially as any increase will disincentivise those businesses who want to invest in the health of their employees and the resilience of their business through providing health insurance for their workers. A healthy workforce is essential for a healthy economy.

  • Inside the ABI: The world of IFRS with Senior Policy Adviser, Andrew Carpenter

    15/10/2021

    Our Senior Policy Adviser, Andrew Carpenter, leads the ABI’s financial reporting workstream and we caught up with him to find out more about his role, the best bits and challenges from his time at the ABI.

  • Easing the Squeeze on Net Pay savers and those hit hardest by Covid-19

    13/10/2021

    This Budget we need to get rid of the quirks in pensions tax relief so that 1.5m low earners who have been missing out can automatically qualify for it and people who have had to use their pension savings during the pandemic are not penalised for paying the money back.