Association of British Insurers (ABI)
ABI tracker shows fall in motor premiums in advance of whiplash reforms
The average cost of motor insurance fell to its lowest level in two years, according to a survey from the Association of British Insurers.
Trade Voice: Foil's James Heath on the Civil Liability Act
The Civil Liability Act was passed in December, changing the way whiplash claims are calculated. As part of the bill, the government also agreed to reform the discount rate, which is currently under review. James Heath, President at Forum of Insurance…
Blog: Counterfeiting - how can insurers help in managing the risks?
Counterfeit goods is a global problem, with the death of more than 200 people in the UK linked to fake Xanax drugs a chilling reminder of the dangers. But Richard Houseago, director of property risks and coverage, Keoghs says that's only the tip of the…
Analysis: Joining forces on Adas: How motor manufacturers are looking to work with insurers on driver safety
As insurers complain of double-digit increases in repair costs as a result of advanced driver assistance systems, Edward Murray spoke to motor manufacturers about why the underwriting focus needs to move from the driver to the vehicle.
Trade credit claims mount as UK tops global insolvency forecasts
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
This week in Post: Funds, loyalty and crime
Gift cards may not be very personal, but they are perfect when you are not sure what to get someone. However, if you are anything like me you put them away in a “safe” place and forget to use them in time.
Salvage loopholes need closing to stop car theft
The Association of British Insurers director of general insurance policy James Dalton has urged the salvage trade body to tighten the security of the salvage chain.
Premiums 'more likely' to edge up despite claims fraud crackdown: Fitch Ratings
Insurers are unlikely to get a profit boost from a reduction in fraudulent claims and are instead expected to use savings to keep premiums down amid surging average claim sizes, according to Fitch Ratings.
FCA pledges crackdown on firms displaying disregard for customer outcomes: updated
The Financial Conduct Authority has warned general insurance firms that it "will not hesitate to intervene" if firms fail to meet their obligations to customers.
Speed limiters in cars 'could create insurance gap'
Exclusive: The government should close legal loopholes which could prevent owners of vehicles installed with mandatory speed limiters from claiming on their motor insurance, lawyers have warned.
Trade voice: James Dalton on embracing diversity in insurance
In order to reflect the diverse communities UK insurers serve the insurance industry needs to continue to make progress towards creating a truly diverse and inclusive workforce, especially at executive and board level, explains James Dalton, director for…
Interview: Amanda Blanc, Zurich
Amanda Blanc’s move from Axa to Zurich was perhaps the most talked about people move of 2018. The Association of British Insurers chair spoke to Jen Frost about her plans for the business in the coming year
Mactavish should share its cyber policy analysis if it has ‘true evidence’ of flaws: ABI
The Association of British Insurers has criticised Mactavish’s cyber challenge to insurers and brokers in a response to its CEO, saying it should share its analysis if it has ‘true evidence’ of flaws.
MoJ looks to extend fixed recoverable costs to £100,000
The Ministry of Justice has launched a consultation into extending fixed recoverable costs.
Blog: Taking telematics to the mass market
Without significant change in how telematics insurance operates, all of the societal benefits from the technology are in danger of going to waste argues Graham Gordon, director, Global Telematics.
Industry could face ‘heavy-handed’ regulation if dual pricing isn’t fixed: Citizens Advice Bureau
The industry could see a “heavy handed” approach to dual pricing from the government, if it doesn’t do enough to tackle the issue by itself, the Citizens Advice Bureau warned at Post’s inaugural Reputation event.
Delayed riot claims guide finally gets government green light
The Chartered Insurance Institute’s New Generation Claims Group has issued guidance for the compensation of claims in the event of riots.
Industry welcomes launch of discount rate review: updated
The government has launched a widely-anticipated review into the Ogden discount rate.
Government promises review into 'fairness' of IPT
The government will launch an operational review into Insurance Premium Tax in the coming months.
Amanda Blanc reveals Brexit fears over upcoming Solvency II review
Amanda Blanc said insurers should not accept a Brexit outcome that prevents the UK industry from having influence over a critical European Union Solvency II review.
Insurers call for removal of obstacles to investing in green projects
The Association of British Insurers has called on the Prudential Regulation Authority to tackle obstacles to insurers investing in greener assets, such as renewable energy.
Blog: International Women's day - Less talk, more action
On International Women's Day Amanda Blanc, CEO of EMEA for Zurich Insurance, says businesses must take diversity seriously.
Insurers count cost of EHIC no-deal Brexit loss
The loss of European Health Insurance Cards in the event of a no deal Brexit could increase insurer costs and put UK travellers off European mini-breaks.
Analysis: What do the millennials think of insurance?
Insurance has struggled to attract talent in recent years, finding itself competing with ‘sexier’ industries