News articles
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Payouts for bereavement illness and injury claims
21/05/2022
A record £6.8 billion was paid out in individual and group life insurance, income protection and critical illness claims in 2021.
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ABI comment on IFRS 17
17/05/2022
The UK Endorsement Board (UKEB) has announced that it has approved the adoption of the International Accounting Standards Board’s (IASB) IFRS 17 Insurance Contracts for use by UK companies.
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ABI Comment on the Levelling Up and Regeneration Bill
12/05/2022
James Dalton, Director of General Insurance Policy, has commented on behalf of the sector following the introduction to Parliament of a Levelling Up and Regeneration Bill by the Department for Levelling Up, Housing and Communities
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Cost-of-living relief for many UK households as the price of home insurance falls to a record low
12/05/2022
The average price paid by UK households for both their home buildings and contents insurance so far in 2022 fell to record lows according to the ABI’s latest Household Insurance Premium Tracker.
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ABI comments on Queen's Speech
10/05/2022
ABI comments on the Queen's speech
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Relief for many households as the average cost of motor insurance has fallen by 5% so far this year
05/05/2022
The average price paid by motorists for their motor insurance in the first quarter of 2022 fell by 5% to its lowest level in nearly seven years, according to the ABI’s latest Motor Insurance Premium Tracker.
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Insurers expect to pay out nearly £500 million to support customers hit by damage from Storms Dudley, Eunice and Franklin
29/04/2022
The damage caused by Storms Dudley, Eunice and Franklin that hit much of the UK during February is expected to lead to insurers paying out nearly £500 million in dealing with 177,000 insurance claims , according to figures out today from the Association of British Insurers (ABI).
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HSBC Life, Just Group, and Premium Credit sign the Making Flexible Work charter on one year anniversary
28/04/2022
HSBC Life, Just Group, and Premium Credit Ltd are the latest firms to sign up to the Association of British Insurers’ (ABI) Making Flexible Work Charter, one year on from its launch.
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ABI comments on Vnuk
25/04/2022
Commenting on the passage of the Motor Vehicles (Compulsory Insurance Bill) to remove the effects of the Vnuk judgment from UK law...
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ABI welcomes the Government's energy strategy
07/04/2022
The ABI welcomes the Government's energy strategy and supports the plans to strengthen energy independence.