Blogs

  • 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.

  • Urgent action to create a culture that welcomes all

    12/10/2021

    The insurance and long-term savings industry has made some tangible progress with aspects of diversity and inclusion over the last few years with latest figures showing that women held 29% of Board roles in 2020, up from 25% in 2019.

  • OECD/G20 International Tax Project reaches crucial point

    11/10/2021

    The ABI’s Budget submission sets out how Government has a chance to grasp the nettle of reform and create a complementary tax and regulatory framework that drives competitiveness, attracts overseas capital and promotes the UK as a place to invest, innovate and inspire. Here, Mervyn Skeet, the ABI’s Head of Taxation, writes about the latest discussions on the OECD Inclusive Framework and the impact for the UK insurance industry.

  • How to cultivate an inclusive, diverse and equitable workplace

    11/10/2021

    Ahead of our upcoming Diversity Summit, Mel Newton of our event partner KPMG, has outlined how KPMG have worked to ensure their workforce in the UK is as diverse and inclusive as possible, and outlines how key policies and approaches have proven successful for their firm.

  • IPT – the least effective and progressive option

    07/10/2021

    Ahead of the Budget which will be delivered on 27th October, David Jordorson, Senior Policy Adviser, Taxation, outlines why the ABI is calling for Insurance Premium Tax (IPT) to be frozen.

  • Getting flexibility right for working parents

    30/09/2021

    Working Families mission is to remove the barriers that people with caring responsibilities face in the workplace. As part of that mission, we work with employers (including ABI members) to support them to create, build and sustain flexible and family friendly workplaces. The ABI’s Making Flexible Work Charter is a clear, easily implemented strategy to deliver diversity within the industry, reaping all the business benefits this brings.