Articles
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Diversity improving overall in the insurance and long-term savings industry
09/12/2024
Key figures from the Association of British Insurers’ latest Diversity, Equity and Inclusion (DEI) data collection highlight the work of insurers and long-term savings providers to improve gender representation, ethnic minority representation and socio-economic diversity across the sector.
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Advice for homeowners and businesses ahead of Storm Darragh
05/12/2024
Ahead of Storm Darragh, the Association of British Insurers (ABI) is reassuring homeowners and businesses that their insurers will be ready to help and support their customers.
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Insurance advice for those affected by Storm Bert
25/11/2024
The Association of British Insurers (ABI) is reassuring homeowners and businesses impacted by Storm Bert that their insurers will be ready to help and support them.
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Don’t get caught out in the cold – insurance advice from the ABI
21/11/2024
With many parts of the UK getting the first taste of winter recently, the Association of British Insurers (ABI) is sharing advice for people to avoid getting caught out in the cold.
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Year-to-date property claims payouts hit £4.1 billion
19/11/2024
Our Q3 property data reveals claims for the first three quarters of this year hit £4.1 billon – the largest amount paid out in the first nine months of any year on record. The impact of high claims is reflected in the price of premiums, as the average price of combined building and contents home insurance in Q3 rose 3% (£11) on Q2.
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We react to FCA update on the Advice Guidance Boundary Review
15/11/2024
Navigating the financial world can be confusing and many consumers aren’t receiving enough support. This can harm their financial resilience and living standards, especially in retirement...
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We react to joint regulator statement for long-term savings providers on communicating with customers
15/11/2024
Communicating effectively with customers is essential to help close the pension savings gap and ensure that more people can plan effectively for a comfortable retirement...
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We respond to Chancellor's Mansion House speech
14/11/2024
ABI response to the Chancellor's Mansion House speech.
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Motor premiums fall for the second consecutive quarter
12/11/2024
ABI data shows motor insurance premiums dropped by 2% in the third quarter of 2024 – but remain 9% higher than the same period last year. This is due to continued cost pressures, with insurers paying out a total of £2.9 billion in motor claims, up 14% on Q3 2023.
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ABI and Lloyd’s of London publish guidance on major cyber events
07/11/2024
The Association of British Insurers (ABI) and Lloyd’s of London have co-published a guide for (re)insurers on how to approach defining a major cyber event.
