ABI CORONAVIRUS INFORMATION HUB

With the ramifications of COVID-19 (coronavirus) being felt by people and businesses around the world, insurers are working to support their customers through this difficult time and respond to the changing policy landscape.

Here you can find information relating to COVID-19, including advice, guidance, and common questions relating to insurance and long-term savings products.

Last updated: 23 March 2021

The spread of Coronavirus is an unprecedented global crisis. Insurers know this is an incredibly difficult time for families and businesses as people seek to make the right decisions for their own health and that of their family.

It is also a time when people are trying to understand what their insurance covers them for. Insurers are supporting and advising their customers constantly. Their main priority is to make sure their customers can continue to have their claims paid in this challenging environment and they are doing everything in their power to keep their operations running as fully as possible and to offer clear and up-to-date information to their customers.

There are some claims being made that having the Covid-19 vaccine will impact your life insurance cover. This is false. Receiving a vaccination against Covid will not impact your insurance cover, be it life insurance, private medical insurance or other forms of insurance.

If you are unsure what your policy covers you for then check with your insurer or insurance broker.

The Covid-19 Support Fund

Covid 19 support The industry has launched a fund to help support some of the people hardest hit by the Covid-19 crisis. It will comprise charitable contributions from firms right across the sector and will operate in partnership with the Charities Aid Foundation, and a network of partners, including the National Emergencies Trust. Learn more here.

Following the publication of the Supreme Court judgment in the business interruption insurance test case, the ABI has received questions about what the verdict means for businesses around the UK.

Find out what the verdict means for your business.

The COVID-19 outbreak is unprecedented in modern times and is
a significant challenge to the UK economy and the insurance and long-term savings industry. The sector has worked hard to serve its customers, support its employees and has set up the Covid-19 Support Fund, one of the largest private sector charitable funds.

Helping customers, citizens and charities Insurers response to the Covid-19 crisis. Details this activity.

See our latest press releases and statements on COVID-19

£202 million paid by insurers to help the families of those who have died due to Coronavirus

18/03/2021

Insurers paid out £202 million – the equivalent of £553,000 every day - to support the families of people who tragically died due to COVID-19 in 2020 according to figures issued today by the ABI.
COVID-19: Insurers expect to pay up to £2.5 billion for UK insurance claims

20/02/2021

ABI members expect to pay up to £2.5 billion for COVID-19 insurance claims incurred in 2020 according to the latest estimates from the Association of British Insurers published today.
Supreme Court verdict on business interruption insurance test case

15/01/2021

Association of British Insurers responds to the Supreme Court verdict on business interruption insurance test case.