News articles
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ComPETitive market: payouts up, premiums down – pet insurance showing its value as vet bills rise
19/04/2019
More pets covered than ever before Total payouts and average claims reach highest amounts on record Pet insurers paid out a record-breaking £785 million in 2018 to cover the unexpected costs of…
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Salvage loopholes need closing to thwart car thieves
11/04/2019
ABI challenges salvage firms receiving cash payments Six loopholes in the salvage system which need to be addressed are being set out by the ABI’s Director of General Insurance Policy, James Dalton…
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ABI responds to latest Brexit delay
11/04/2019
In response to the latest agreement to delay Brexit until the 31st October 2019, the ABI's Director General Huw Evans said: "While it is a relief that the UK will not crash out of the EU…
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"Majority of customers should not be concerned" - response to FCA report
10/04/2019
The FCA’s report is based on findings in a limited range of products, which make up a tiny part of the large GI market.
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ABI reacts to Dormant Assets Scheme expansion
04/04/2019
Responding the the Government's Dormant Assets Scheme Expansion Report, Andy Walker, Manager of Long-Term Savings Policy at the Association of British Insurers, said: “The ABI and our members have…
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Pensions Dashboards: "The digital retirement revolution is here at last"
04/04/2019
The Department for Work and Pensions has today published its response to the consultation on pensions dashboards, setting out its proposed way forwards in turning the concept into a service for…
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ABI responds to DCMS cyber security breaches
03/04/2019
The fall in reported cyber attacks is encouraging, but with the financial losses of these incidents continuing to rise, there can be no room for any cyber crime complacency.
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Tougher regulation of CMCs should weed out rogue firms
01/04/2019
This crackdown on the compensation cowboys is long overdue. For too long, too many people have been pestered by unwanted calls, texts and emails from firms that often try to encourage dishonest compensation claims, at the expense of honest customers.
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ABI advice following the collapse of Wow Air
28/03/2019
Passengers booked to fly with Wow Air should contact their tour operator or travel agent for advice. Those passengers with Scheduled Airline Failure cover included in their travel insurance should…
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Surge in vehicle crime fuels record amounts paid out by UK motor insurers
28/03/2019
A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million every day according to figures published today by the Association of British Insurers…