Blogs

  • Levelling the playing field for millions of home and motor insurance customers

    01/01/2022

    New rule changes from the FCA on the pricing of home and private motor insurance come into force from today. Here, James Dalton, ABI Director of General Insurance Policy, explains five things to know about the changes.

  • Financial resilience in the long-term savings journey

    17/12/2021

    The last two years have demonstrated the value of having assets or insurance to rely upon when experiencing life events from redundancy to bereavement. While savings have increased for many, gaps in the population’s financial resilience have been exposed and exacerbated. Ahead of the ABI’s Annual Conference covering this issue, we look at the current picture of financial resilience and how it should be taken into account in policy on pensions, advice & guidance.

  • Our Industry's Purpose is to Protect People

    15/12/2021

    Today we are pleased to launch an independent KPMG report commissioned by the ABI which analyses the potential aggregate industry impact on the Risk Margin and Matching Adjustment from the scenarios the Prudential Regulation Authority (PRA) is exploring in its quantitative impact study (QIS) in support of Solvency II reform.

  • In or out? Sharing health data in Dragon’s Den

    13/12/2021

    Doctor with clipboard

    Patient-controlled medical records are the direction of travel, set out in the NHS Long Term Plan. Clearly there are benefits for insurers, but what’s in it for the customer? Does this have the potential to revolutionise the insurance industry? Will a new relationship of trust and value sharing be born? To answer some of these questions, the ABI are presenting our very own version of Dragon’s Den. This promises to be a trial by fire, forging innovative new ideas and starting to shape our industry’s vision of the future. But are you ‘in’ or ‘out’?

  • Some closing thoughts on Solvency II reform….

    09/12/2021

    On his final day as the ABI’s Director General, Huw Evans shares some closing thoughts on Solvency II reform.

  • Insurance Charities: The work they do at Christmas

    08/12/2021

    December can be a stressful time of year. If you’re finding the financial strain of Christmas difficult due to already challenging circumstances, then why not contact The Insurance Charities?

  • 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.