News articles
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Higher costs for insurers put the squeeze on the price of motor insurance
08/08/2022
The average price paid by motorists for their motor insurance in the second quarter of this year rose slightly on the previous quarter to £419, according to the ABI’s latest Motor Insurance Premium Tracker.
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ABI response to Consumer Duty final rules
27/07/2022
The FCA has published the final rules and guidance for the new Consumer Duty
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Solvency II: Independent analysis of proposed reforms
21/07/2022
The ABI has published independent analysis from WTW in support of its consultation response on Solvency II
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Solvency II reform proposals need further work to meet objectives
21/07/2022
The insurance and long-term savings industry has today submitted its response to the Government’s consultation on Solvency II, the insurance and long-term savings industry’s prudential regulatory regime, setting out how the current reform proposals would not realise the opportunity to release more capital for investment.
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Industry identifies solutions to the growing issue of small pots
23/06/2022
An industry group, jointly convened by the Association of British Insurers (ABI) and the Pensions and Lifetime Savings Association (PLSA), has explored various solutions to tackle the issue of small deferred pension pots in the automatic enrolment (AE) workplace pension market, and narrowed them down to three options.
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Automatic enrolment action plan needed for the next decade
21/06/2022
Marking 10 years since the dawn of automatic enrolment, the Association of British Insurers (ABI) is calling on the Government to set out how pension contributions can be increased and the eligibility criteria widened to encourage people to save more over the next 10 years.
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Pensions campaigns combine to boost engagement
14/06/2022
Momentum is building behind the first ever Pensions Engagement Season as the cross-industry group joins forces with this year’s Pensions Awareness Week, as part of the biggest ever drive to…
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Insurance and long-term savings providers making significant progress in setting net zero targets
08/06/2022
The general insurance and long-term savings industry is making significant progress in setting transparent Net Zero targets and joining the UN’s ‘Race To Zero’ campaign according to the ABI’s updated Climate Change Roadmap published at its Climate Change Summit.
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ABI comment on Climate Biennial Exploratory Scenario (CBES) exercise
24/05/2022
Charlotte Clark, ABI Director of Regulation said: “We welcome the publication of the Bank of England’s results from its flagship Climate Biennial Exploratory Scenario (CBES) exercise, which participating insurers have invested significant time and resource into.
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Paw-sitively protected - pet insurers processed a record £2.4 million a day in 2021
24/05/2022
Insurers have continued to help pet owners keep their furry friends healthy, processing a record £872 million in claims for 2021, according to new data from the Association of British Insurers (ABI).
