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Your search for Annual General Insurance Overview Statistics 2014 resulted in 87 hits
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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.
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Making a claim and getting help
Nobody wants to have to use their travel insurance. If you have travel insurance and something does happen before you go away or while you are away, your travel insurer or their emergency assistance company is on hand to help.
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Health insurance
What is Health Insurance? There are the two main forms that private health insurance can take: Private Medical Insurance and Cash Plans. To help you make an informed choice read on to…
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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.
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Insurance industry meets with Governor of Nebraska
23/08/2022
The Association of British Insurers (ABI) and its members have met with the Governor of Nebraska, Pete Ricketts, as part of steps to develop relationships, share learning and drive innovation with the growing (re)insurance market in Nebraska.
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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.
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Tracking the Trackers
15/08/2023
We cut through the publicity around the various insurance premium surveys and trackers, to explain why our Premium Trackers give an accurate picture of what people are actually paying for their motor and home insurance.
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Automatic enrolment action plan needed for the next decade
21/06/2022
Marking 10 years since the dawn of automatic enrolment, the Association of British Insurers (ABI) is calling on the Government to set out how pension contributions can be increased and the eligibility criteria widened to encourage people to save more over the next 10 years.
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ABI response to Spring Budget 2023
15/03/2023
Association of British Insurers response to Spring Budget 2023
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Private Medical Insurance
What is Private Medical Insurance? Why buy Private Medical Insurance? Understanding the cover Types of policy Making a claim Which insurers offer cover?
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