News articles
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No Time to Lie - the average fraudulent insurance claim rises to £12,000 as insurers continue protecting honest customers
06/10/2021
The latest ABI detected fraud statistics show insurers have adapt to the unprecedented challenges of the pandemic, with the value of the average general insurance fraud and detection rates both up.
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Boost competitiveness, unlock investment, help levelling up - the ABI makes its Budget submission
01/10/2021
In its Budget submission, the Association of British Insurers (ABI) sets out how the insurance and long-term savings industry can work constructively with the Government to deliver on its ‘levelling up’ agenda, boost global competitiveness, unlock infrastructure investment, support the transition to net zero, and strengthen the financial resilience of households and businesses across the UK.
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HM Treasury can reassure do-it-yourself investors and pension savers by reforming guidance
29/09/2021
The Association of British Insurers (ABI) is urging the Government to reform regulation around advice and guidance in their review of the wholesale and retail investment market. This will enable do-it-yourself investors and pension savers to get better financial guidance from their provider, so they can be more informed and reassured about their investment decisions.
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Productive Finance Working Group report published
27/09/2021
The ABI welcomes the publication of 'A Roadmap for increasing productive finance investment', published today by the Productive Finance Working Group.
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Stop more confusion for pension savers: ABI calls for simplicity when the Government increases pension access age
14/09/2021
The Association of British Insurers (ABI) is calling for a simpler approach when the Government delivers its planned increase of the age that you can first access your pension from 55 to 57. The proposals set out in a consultation closing today will cause enormous confusion for pension savers navigating the already complicated UK pension system.
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ABI response to social care funding announcement
07/09/2021
The ABI has responded to today’s announcement from the Government on a new social care funding plan.
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ABI response to FCA multi-firm review on product governance
25/08/2021
The Association of British Insurers (ABI) has responded to the FCA's multi-firm review assessing General insurance product value and coronavirus (Covid-19) Guidance.
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Open letter from the Prime Minister and Chancellor to industry
05/08/2021
The ABI has responded to the Prime Minister and Chancellor’s open letter calling on UK institutional investors to consider investing a greater proportion of their capital in long-term UK assets to support the economic recovery.
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In reverse the cost of motor insurance falls to a five year low according to the ABI
05/08/2021
The average price motorists are paying for their motor insurance now stands at a five year low according to the ABI’s latest Motor Insurance Premium Tracker. The Tracker is the only market survey that looks at the price consumers pay for their cover, rather than the price they are quoted.
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ABI response to UK Government flood risk management plans
29/07/2021
James Dalton, Director of general insurance policy, responds to the Flood and coastal erosion risk management: policy statement and response to the independent review of flood insurance in Doncaster.
