News articles
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ABI supports review of the law on limitation for child sexual abuse claims
27/06/2019
The Association of British Insurers has written to the Independent Inquiry into Child Sexual Abuse (IICSA), saying it believes there is a need to change the law on limitation for child sexual abuse…
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Tributes paid to Peter Montagnon, former ABI Director of Investment Affairs
26/06/2019
It’s been announced by the Institute of Business Ethics that Peter Montagnon, one of the founders of the International Corporate Governance Network, died suddenly on June 25th. Peter was the Director…
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FSCP proposal "overlooks practicalities of underwriting and product choice"
26/06/2019
Pricing practices which can unintentionally penalise loyal customers deserve a well-considered solution. The proposal put forward by the FSCP to automatically move customers onto other products overlooks the practicalities of underwriting and product choice.
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Nine out of ten over-65s have no plan to pay for social care, new research reveals
25/06/2019
One-third of population could benefit from targeted government incentives, analysis shows Most people are unprepared for the possibility of a social care financial time bomb, new research for the…
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Unpaid UK – bad debt claims soar to a 10-year high
14/06/2019
The number of insurance claims made so far this by UK businesses facing bad debts has reached its highest level in ten years according to latest figures out today from the Association of British Insurers (ABI). In the first quarter of the year 57 firms every day were helped by trade credit insurers.
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Climate change demands a sustained and ambitious response ABI reaction to todays announcement
12/06/2019
Today’s target is a welcome effort to address the underlying causes of climate change. Insurers are on the front-line dealing with the results of rising temperatures and changing investment needs and so understand better than most the serious implications of a changing climate.
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Inland flood defences save the UK £1.1 billion a year
12/06/2019
£1.1 billion a year of flood damage is being prevented by the UK’s current network of river barriers and defences, according to landmark research...
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3,000 Brits require emergency treatment abroad EVERY WEEK, as average medical claim surpasses £1,300
07/06/2019
The Association of British Insurers (ABI) today reveals that the average medical claim on travel insurance surpassed £1,300 for the first time ever in 2018 – reaching £1,368. Claims can easily reach…
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ABI responds as IFS warns of social care ‘catastrophic risk’
06/06/2019
Responding to Paul Johnson of the IFS’ lecture on the social care crisis, marking the centenary of the Government Actuary’s Department, Yvonne Braun, Director of Long-Term Savings Policy at the…
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Tens of thousands entering retirement without ever taking advice each year, ABI warns
03/06/2019
Analysis reveals one-third accessing pension cash without ever taking advice Average pot reaches new high of £120,000 New analysis from the Association of British Insurers (ABI) today reveals…