Association of British Insurers (ABI)
Blog: A new year resolution for the government: implement discount rate reforms without delay?
While the government is still considering reforms to the Odgen discount rate James Dalton, director for general insurance policy at the Association of British Insurers, believes insurers must keep the pressure on.
Cost lawyers call on government to curb recoverable costs recommendations
The Association of Costs Lawyers has urged the government not to follow recommendations to expand the use of fixed recoverable costs.
This month in Post: Takeovers, tech, trials and tinsel
This week saw one of the biggest takeover deals of 2017 while our December issue highlights a year of tech.
Sector welcomes PM’s first Brexit deal
The insurance sector has welcomed news that the UK and EU plan to move onto the next phase of Brexit talks but stresses the need for certainty on the UK’s future trading relationship with the bloc.
ABI highlights £35bn industry contribution to UK economy
Insurers and long term savings firms paid out £160m to customers last year, the equivalent to the cost of around 700 houses.
Analysis: The impact of FSCS funding proposals on brokers
In 2016 the Financial Conduct Authority released a raft of proposals that examined potential changes to the way the Financial Services Compensation Scheme was funded.
Insurers call for tougher rules as government launches home building plan
Insurers have called for tough new building regulations as the government plans to create thousands of new homes a year.
Week in Post: All hail Captain Side Parting
This year’s Budget was rewarding for many reasons: a freeze on insurance premium tax, an increase in research funding for driverless cars, and a dig at Jeremy Clarkson.
Sector must tackle rising escape of water claims, warns ABI
Tackling the rising costs of escape of water claims must be the “number one priority” for the domestic property insurance market, the Association of British Insurers has said.
Insurers welcome IPT freeze in this year’s Budget
The government will not raise insurance premium tax in this year’s Budget, a move which has been welcomed by insurers.
MP launches petition to freeze IPT rise
An MP has launched a petition urging the government not to raise the Insurance Premium Tax in next week’s budget.
ABI releases video urging no further IPT rises
The Association of British Insurers has launched a video urging the Chancellor not to increase Insurance Premium Tax in the November budget.
ABI calls on EIOPA to address 'flawed' risk margin
The Association of British Insurers has called on the European Insurance and Occupational Pensions Authority to address the "flawed" Solvency II risk margin.
Thatcham sets out driverless cars assessment criteria
Thatcham Research has set out a list of criteria to assess cars marked as “autonomous” or “driverless”.
IPT rise would hit rural communities the hardest
Further increases in the rate of Insurance Premium Tax in the Chancellor’s forthcoming budget would hit farmers and rural communities disproportionately, NFU Mutual has warned.
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
IPT raising £4.8bn a year
Insurance Premium Tax is raising £4.8bn a year, or £179 per household, new research has found.
Blog: LV's Sue Jones on her fraud-fighting career
Sue Jones, head of GI fraud strategy at LV, explains how fraud became an industry focus.
MPs urge PRA to review Solvency II
The Prudential Regulation Authority must develop proposals to remove the limitations of Solvency II for the insurance market, MPs have said.
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Insurers back fire chiefs' calls for mandatory school sprinklers
Insurers have backed calls from the National Fire Chiefs Council to fit all refurbished schools with sprinklers.
This Week in Post: Red suns and robots
A Blade Runner mist engulfed London on Monday as storm Ophelia blew Saharan sand into the capital. Struck by the eerie atmosphere, City workers tweeted pictures of the yellow sky, which an Irish commentator promised to look at “as soon as our houses land…
Brightside's Mark Cliff on the impact of the discount rate for brokers
Insurers have been vocal about their feelings about the discount rate but Mark Cliff, executive chairman at Brightside Group, notes this has also affected brokers, who have been at the sharp end of market turmoil.
Industry calls for driverless cars bill to be 'straightforward'
Insurers have called for laws on driverless cars to be "as straightforward as possible".