News articles
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ABI releases first Annual Report On Code On Genetic Testing And Insurance
10/06/2020
The Association of British Insurers has released the first annual report on the Code on Genetic Testing and Insurance. It provides a transparent overview of the compliance exercise carried out by the…
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FCA sets out next steps to improve defined benefit pension transfer market
05/06/2020
Today the FCA set out its next steps to improve the defined benefit pension transfer market. This included a ban on contigent charging. Hugh Savill, Director of Conduct and Regulation at the…
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ABI welcomes Government-backed temporary reinsurance scheme so businesses can continue to access trade credit insurance
04/06/2020
Scheme will provide reassurance to thousands of businesses who rely on trade credit insurance. The ABI welcomes today’s Government announcement of a temporary, government-backed…
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ABI Comment on MHCLG announcements on building safety
26/05/2020
Following the announcement by the Ministry of Housing, Communities and Local Government, of changes to the Approved Document B to extend the provision of sprinklers in new residential buildings over…
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ABI responds to open letter from small business owners and representatives
26/05/2020
The ABI has responded to an open letter from small business owners and representatives regarding business interruption insurance and COVID-19. In the response, ABI Director General…
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ABI responds to open letter from beer and pub industry coalition
20/05/2020
In the response Director General, Huw Evans, acknowledges the uncertainty the COVID-19 crisis has created for many businesses, particularly in the hospitality sector and outlines the industry…
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Insurance and long-term savings industry launches fund to support people worst affected by Covid-19
18/05/2020
The UK insurance and long-term savings industry today launches a new fund to help support some of the people hardest hit by the Covid-19 crisis. The Covid-19 Support Fund aims to raise…
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ABI Responds to FCA announcement on additional COVID-19 Measures
14/05/2020
Today the FCA announced measures to help insurance customers who may be suffering financial difficulties as a result of coronavirus. Commenting on these measures, an ABI spokesperson said…
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ABI backs Government plans for a temporary reinsurance scheme so businesses can continue to access trade credit insurance
13/05/2020
The ABI welcomes today’s Government announcement that it intends to develop a government-backed temporary reinsurance scheme to help businesses recover from the impacts of COVID-19. The scheme…
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Record 98.3% of protection claims paid out in 2019
07/05/2020
New figures released by the Association of British Insurers (ABI) and Group Risk Development (GRiD) show that the insurance industry paid out more than £5.7 billion in protection claims in 2019…