Association of British Insurers (ABI)
Proposed changes to key EU motor directive praised but work continues for industry
The European Commission's third option to change the definition of vehicles in the Motor Insurance Directive is the UK industries preferred option but lobbying by trade bodies needs to continue to ensure this outcome.
ABI warns of changes to broker commission
It is “only a matter of time” before regulators start to make broker commission more transparent, the Association of British Insurers warned today.
Working group launches review of revised rehab code
Industry bodies have begun a review into the revised rehabilitation code, six months after it went live.
Aviva's Andy Briggs to replace Paul Evans as chair of ABI
Andy Briggs, CEO of Aviva UK Life and chairman of Aviva Global Life, has been nominated to take up chair of the Association of British Insurers.
Digital: Snooping in the age of social media
The access that private and public bodies have to our personal data has been a continual point of debate in the electronic age and the current passage through the Houses of Parliament of the Investigatory Powers Bill is a case in point
DWF added to ABI’s associate member list
The Association of British Insurers has added DWF to its associate membership category, the latest in a series of law firms accepted to the new offering.
ABI: 85% of claims from floods caused by storms Desmond, Eva and Frank paid out
More than four out of five claims from the winter floods have been paid, with total damages expected to reach £1.3bn, according to the Association of British Insurers.
Corporations ‘unlikely to support database on cyber attacks’
Establishing a database of cyber attacks on UK corporations for insurers to better assess risks, could be “fraught with practical challenges” experts have warned.
ABI calls for cyber attack database
Insurers should have access to a national database of recorded cyber attacks in order to better provide cover, according to the Association of British Insurers.
ABI appoints four industry ‘big-hitters’ to board
Senior figures from AIG, Zurich, Prudential and Scottish Widows have been appointed to the board of the Association of British Insurers.
Legislative support extended to driverless cars
Autonomous cars have gained legislative backing in the Queen’s Speech today (18 May) as insurers hail the innovation as doing more to save lives than seatbelts.
Europe: Competition law - all over for Iber?
The Insurance Block Exemption Regulation is set to lapse on 31 March 2017, and the European Commission is not looking for a replacement. What will this mean for cooperation and competition?
Average combined buildings and contents home policy remains unchanged in Q1
The cost of the average combined buildings and contents home insurance policy remained unchanged in the first quarter from the same period last year, according to the Association of British Insurer’s latest home insurance premium tracker.
Cyber insurance: Developing knowledge
With the number of cyber crimes increasing, knowledge of attacks is developing enough for cover to be rolled out. What are the options for insurers?
Debate on driverless car challenges increases ahead of consultation
The government’s planned consultation on driverless car regulation in coming months should help “coalesce minds”, according to the ABI, while manufacturer Volvo continues to push for a coherent system ahead of its Drive Me London trials next year.
ABI warns drivers to stay focused as automatic car technology advances
Motorists shouldn't become complacent on the roads as autonomous vehicles are rolled out, particularly when the technology is new, according to the Association of British Insurers.
Trade Voice: The ABI's James Dalton on the public perception of insurance
Perception does not always reflect reality. If it did, then public perceptions of the insurance industry - and our reputation - would be better than they are.
Senior management: Parachuting in
With more senior management roles going to those from outside the general insurance industry, how will this affect the sector in the future?
CMCs could be hit as crackdown continues on nuisance calls
Direct marketing firms will have to display phone numbers from May under new regulation, with the aim to cut down unsolicited nuisance calls from groups including claims management companies.
Insurers ‘most at risk from credit shocks’
Insurers could lose up to 17% of their own funds if there was a credit shock, according to results of a wide-ranging stress test of the market.
ABI seeks better engagement with young insurers
The Association of British Insurers has acknowledged it needs to “do more” to engage young insurers, as Post research found that a majority hadn’t heard of the leading trade body.
Fraudsters targeting insurance staff in ‘pubs, cafes and on social media’
Insurance employees are the latest target of criminals looking for sensitive customer data with fraudsters following staff from their workplaces and approaching them online, according to officers from the Insurance Fraud Enforcement Department.
PRA appoints insurance director Sam Woods as CEO
The Prudential Regulation Authority's insurance executive director Sam Woods has been promoted to replace Andrew Bailey as PRA CEO.
Flood Re likely to be copied by other nations, ABI's Evans predicts
Flood Re is likely to be copied entirely or in part by other countries, according to Association of British Insurers director general Huw Evans.