News articles
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IntelliTeq becomes ABI's latest Associate Member
08/09/2020
Financial solutions tech company IntelliTeq has become the ABI’s latest Associate Member.
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Detected Insurance Fraud - new data shows that every five minutes a fraudulent claim is discovered
07/09/2020
The industry’s relentless pursuit of insurance cheats to protect honest customers is delivering results, with the equivalent of nearly 300 fraudulent claims and just over 2,000 dishonest applications being detected every day according to the ABI’s most in depth annual insurance fraud figures out today.
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Motor claims fell significantly in Quarter 2, though the average claim value reached a record high
02/09/2020
As expected, the number of motor insurance claims notified to insurers in the second quarter of the year fell significantly according to figures out today from the Association of British Insurers (ABI).
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Insurers commit to extending Covid-19 customer pledges
28/08/2020
Pledges made by members of the Association of British Insurers (ABI) to support customers during the Covid-19 crisis are being extended to 31st October 2020.
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Government proposals to reform the Retail Price Index could cost £122billion
21/08/2020
The Association of British Insurers (ABI) has found that Government proposals to reform the calculation of the Retail Price Index (RPI) could cost £122billion if plans go ahead to implement the…
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Insurers pay £90 million to help families cope with Coronavirus deaths
13/08/2020
The equivalent of £980,000 a day was paid in death claims when Coronavirus was at its peak according to the latest ABI data. Insurers received 7,000 life insurance claims, and paid…
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ABI Board Appointment
04/08/2020
The ABI (Association of British Insurers) today announces that Tavaziva Madzinga, CEO, Swiss Re, UK & Ireland (UKI) has joined its Board. ABI Board Chair Jon Dye, Chief Executive, Allianz…
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Charlotte Clark CBE appointed Director of Regulation at the Association of British Insurers
28/07/2020
Charlotte Clark CBE has been appointed as Director of Regulation at the ABI, replacing Hugh Savill who is retiring at the end of the year.
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Cost of motor insurance falls to four year low
28/07/2020
The average price paid for comprehensive motor insurance in the second quarter of the year at £460 was at its lowest quarterly level in four years according to the ABI’s latest Motor…
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Pensions Savers press pause in lockdown
26/07/2020
Latest industry data shows dramatic decreases in pension withdrawals during lockdown as pension savers opt to ride out stock market volatility and employment uncertainty During lockdown, throughout…
