News articles
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ABI comment on the release of version 1.0 of the global Insurance Capital Standard
21/07/2017
Commenting on the release of version 1.0 of the global Insurance Capital Standard by the International Association of Insurance Supervisors (IAIS), ABI Director of Regulation, Hugh Savill, said: “The…
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Earthquake in Greece and Turkey - ABI Advice
21/07/2017
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Motor premiums rising at fastest rate ever
18/07/2017
11% year on year increase as Discount Rate and Insurance Premium Tax take effect Average motor premiums have gone up by £48 compared with this time last year, hitting a new record high of £484…
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Repeal Bill comment: co-operation needed to "give much needed certainty to business and customers.”
13/07/2017
Commenting on today’s publication of the Brexit Repeal Bill, Huw Evans, Director General of the Association of British Insurers (ABI), said: “Today is the start of a complex legislative process. The…
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Sector committed to helping customers make informed decisions
12/07/2017
Commenting on the publication of the interim findings of the FCA’s Retirement Outcomes Review, Director General of the Association of British Insurers, Huw Evans, said: “At the time the pension…
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Premiums for young and old drivers at record levels while clock ticks on Discount Rate bombshell
08/07/2017
Drivers in nearly all age groups are paying record amounts for their car insurance and could face further increases unless the Government takes action to reduce claims costs, the ABI warned…
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The con’s not on – Insurers thwart 2,400 fraudulent insurance claims valued at £25 million every week
07/07/2017
Organised insurance fraud, such as ‘crash for cash’ staged accidents, down as the industry turns up the heat on criminal gangs. But there is no room for complacency as opportunistic motor insurance…
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Leaving the EU without a deal not acceptable warns the ABI
30/06/2017
Legal uncertainty for millions of customers if no deal Leaving the EU without a deal is not acceptable if insurers are to continue to meet the needs of millions of customers and remain legally…
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Thriving insurance sector benefits the whole UK economy – new analysis shows
26/06/2017
The insurance and long term savings sector is one of the UK’s most productive industries, adding more than £40 billion a year to the economy and helping Britain thrive, a major conference will hear…
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“A welcome commitment to further tackle the compensation culture”: Our response to the Queen’s Speech on whiplash and other key issues
21/06/2017
James Dalton, Director, General Insurance Policy, said: “Millions of motorists will welcome the Government’s commitment to further tackle the compensation culture that is…