Blogs
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The Times They Are a-Changin' - How insurers are changing their approach to systemic risks
26/05/2022
Systemic risks are risks that are so large they threaten the whole financial system and economy, with the Covid-19 pandemic being the most recent example. The ABI’s upcoming webinar ‘How insurers' approach to systemic risk is changing and what this means for the general insurance market’ will seek to explore differing approaches to systemic risk, whether any learnings from the last two years can be applied to them and how changes to approaches are already having an impact on insurers.
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What do the Bank of England’s CBES results mean for insurers?
25/05/2022
Following the Bank of England’s publication of the results of its flagship Climate BES exercise, the ABI reflects on what these results mean for the insurance and long-term savings industry in the fight against climate change.
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Whiplash Reforms: One year on, success or failure?
23/05/2022
Ahead of the ABI’s event on Tuesday 24 May – ‘Whiplash Reforms: One year on, success or failure?’ and the first anniversary of the much-anticipated reforms, James Dalton, the ABI’s Director of General Insurance Policy, takes stock and assesses some of the impacts arising from the changes.
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On your doorstep? Modern slavery, human trafficking and the insurance industry
18/05/2022
Slavery is not just an historic issue; it’s a thriving illegal industry, the third most profitable crime globally and props up a variety of other financial crimes. Awareness of how the insurance industry can be exposed to the practice is vital if we are to crack down on this damaging and destructive criminal activity.
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Building greater resilience through workplace group risk benefits
11/05/2022
Following the publication of its annual Group Watch report, Swiss Re’s Ron Wheatcroft looks at the policy issues facing the group risk market.
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What does the insurance industry make of Levelling Up
09/05/2022
With the Government expected to introduce legislation to implement their Levelling Up White Paper, the ABI looks at how the Bill can help reform our planning system, increase our resilience to climate change and flooding as well as boost investment and improve individuals’ financial resilience, health and wellbeing.
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Seizing the opportunity for Financial Services Regulatory Reform
09/05/2022
With the Government expected to introduce comprehensive reforms to the regulation of financial services in a new Financial Services Bill, the industry sets out our views on a competitiveness objective for the regulators and ensuring that Government set clear direction for the regulators in legislation.
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Time for action on the advice gap
06/05/2022
The Government and FCA have acknowledged that people need more help in making decisions about accessing pensions, as well as starting to invest. The Queen’s Speech is an opportunity to set a new direction for advice so that providers can offer more support when customers need it.
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What Are the Seats to Watch Out For?
05/05/2022
It’s election day and ahead of the 2022 Northern Ireland Assembly Election, the ABI’s Public Affairs Team are here to give some final insight on what the key seats to watch at this election are and why, alongside what new polling is suggesting the results could be.
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Future of Transport: is the future here?
05/05/2022
We have been living through a huge transformation in how we move around. Vehicles are increasingly complex, alternative fuels are becoming more mainstream, and we are adopting new modes of transport. However, as in most cases, legislation lags behind innovation. We want to work with the Government to create a more advanced, efficient, safe, green, and inclusive transportation sector.
