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Your search for Annual General Insurance Overview Statistics 2014 resulted in 20 hits

• Good practice guidance: Continuation of buildings insurance cover while a property is undergoing repairs

  This ABI good practice guidance sets out an approach to provide reassurance to customers that their existing insurer will use their best endeavours to offer to maintain cover until the repairs on their property are completed. All decisions on pricing, terms or conditions remain at the discretion of individual insurers.

• ABI responds to The Independent Review of Flood Insurance in Doncaster

  05/11/2020

  

  The Association of British Insurers (ABI) welcomes today’s publication of the independent review into flood insurance following last November’s flooding in parts of south Yorkshire.

• ABI and BIBA launch flood directory

  23/02/2022

  

  The Association of British Insurers (ABI) and British Insurance Brokers’ Association (BIBA), and Flood Re have collaborated to help more householders who are struggling to obtain flood cover access the insurance they need. They today announced the launch of a new directory of specialist flood insurance providers that people may use to find cover.

• FAQ

  What type of compensation is impacted by the Discount Rate?

  Insurance policies that pay personal injury claims, e.g. motor insurance, public liability insurance, employers liability insurance, and where damage levels are set by the Courts are all potentially affected by the Discount Rate. Other compensators such as the NHS may also face higher costs.

• Flood insurance directory

  

  The British Insurance Brokers’ Association (BIBA), the Association of British Insurers (ABI) and Flood Re have worked together to help householders who are struggling to obtain flood cover access the insurance they need. 

• Storm Christoph - flood advice from the ABI

  21/01/2021

  

  Association of British Insurers is reassuring those affected by flooding from Storm Christoph that insurers will be doing all they can as quickly as possible to help them recover.

• Accessing flood insurance

  How to access insurance if you live in a flood-prone area

• FAQ

  What does this mean for insurance premiums?

  The change in the Discount Rate will lead to higher costs for insurers. This is because the Government had previously indicated that the rate would be set between 0 and 1% and most insurers were basing their claims costs on this, and not on the previous rate of minus 0.75%, in order to keep costs and premiums as low as possible. As the new rate is below this range, insurers will have to increase the money they set aside to pay future claims which will inevitably increase the pressure on premiums. This is especially true for younger drivers who are statistically more likely to be involved in the types of accident that lead to these claims.

  While motor insurance remains a very competitive market, in which individual insurers will make their own commercial decisions about premiums, PWC has estimated the Discount Rate change could lead to the average motor insurance premium increasing by between £15 and £25, going up by as much as £50 to £75 for younger drivers.

• Flooding

  Protect the value of your home, possessions, vehicle or business against flood

• Assessing your flood risk

  Accurately assessing your flood risk can help you access insurance