News articles
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Tens of thousands entering retirement without ever taking advice each year, ABI warns
03/06/2019
Analysis reveals one-third accessing pension cash without ever taking advice Average pot reaches new high of £120,000 New analysis from the Association of British Insurers (ABI) today reveals…
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Gone in 20 seconds, payouts every 8 minutes – car crime continues to rise in 2019
28/05/2019
Motor theft payouts up over 20% in the first quarter. Figures out today from the Association of British Insurers (ABI) show that the number of motor theft claims paid by insurers in the first quarter…
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Do penalty points affect my car insurance?
24/05/2019
Insurance Questions Answered: How much do penalty points add to the cost of motor insurance? It is very likely that having points on your licence for speeding or other driving offences will…
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Speech: ABI steps up call for access to ICO cyber breach data
13/05/2019
James Dalton, Director of General Insurance Policy at the ABI, today addressed a room of government officials, peers and industry alongside Baroness Neville-Jones, former Chairman of the Joint…
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No defence for no travel insurance as clean sweep for English teams in European football finals
10/05/2019
Travelling football fans spurred on to arrange travel insurance so that they do not feel blue and end up in the red if disaster strikes. With tens of thousands of Spurs, Liverpool, Arsenal and…
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"Potentially drastic consequences" if we fail to act on flood risk
09/05/2019
Commenting on the launch of the Environment Agency's long-term strategy, Huw Evans, Director General of the Association of British Insurers (ABI) said: "Climate change is dramatically increasing the…
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FCA Call for Input a welcome opportunity
01/05/2019
Responding to the FCA’s call for input on its proposed approach to reviewing the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) Hugh Savill, Director of Regulation at the ABI, said:
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Protection payouts see insurers support record numbers through bereavement, sickness and injury
01/05/2019
New figures released by the Association of British Insurers (ABI) and Group Risk Development (GRiD) show that the insurance industry paid out more than £5.3 billion in protection claims in 2018 – a…
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Driverless cars must be resilient to cyber attack, insurers warn
30/04/2019
Cyber security to become most important vehicle crime prevention feature Vehicles should have a sufficient level of security to guard against cyber attacks before they are allowed to be used in fully…
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Downhill drive – large quarterly drop sees the cost of motor insurance fall to a two-year low
29/04/2019
The average cost of motor insurance has fallen to its lowest level for two years - £466 - according to the ABI’s latest Motor Insurance Premium Tracker out today. The Tracker is the only survey that…