Articles
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Public consolidator would be a major and unjustified intervention, warns ABI
18/04/2024
As part of its response to a Department for Work and Pensions (DWP) consultation on changes to Defined Benefit (DB) pension schemes, the Association of British Insurers (ABI) has said a public consolidator must not undermine a competitive and thriving buyout market, which caters to schemes of all sizes.
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Weather damage insurance claims worst on record
15/04/2024
According to our latest figures, property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events.
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Motor insurers pay out record amounts to help keep motorists mobile
06/04/2024
The £9.9bn paid out in 2023 is the highest annual figure since the ABI started collecting the claims data back in 2013
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New guide to improve support for autistic customers
02/04/2024
Working with members and autism support organisations, we have published a good practice guide for the insurance and long-term savings industry on supporting autistic customers.
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Government at risk of throwing away the gains from auto-enrolment
30/03/2024
We caution that Government proposals to introduce lifetime provider models may risk undermining the success of automatic enrolment.
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Record numbers take out Income Protection Insurance
20/03/2024
Our latest figures provide a snapshot of the trends in the UK’s individual protection insurance market
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Fire Safety Reinsurance Facility finalised
13/03/2024
Reinsurance support is now in place to launch the Fire Safety Reinsurance Facility from 1 April 2024, in an industry intervention to help improve the availability of insurance for certain buildings with combustible cladding and other fire safety issues.
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ABI response to the Spring Budget
06/03/2024
The ABI has responded to the Spring Budget 2024, delivered today by the Chancellor of the Exchequer.
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Unmasked – the Insurance Industry Gets Snippy on IPT
29/02/2024
Now has never been a better time for the Government to reduce Insurance Premium Tax.
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We Launch a New Guide to Help Firms Use AI Responsibly
27/02/2024
We have worked with experts to produce a guide to responsible AI innovation.