Association of British Insurers (ABI)
FCA chief Tracey McDermott tells insurers there is more to do repair reputation
Tracey McDermott, the acting CEO of the Financial Conduct Authority, has told the Association of British Insurers' biennial conference that the industry still has much to do to improve its image in the eyes of consumers.
Insurers urged to step up pace of innovation with low-cost experiments
Tech giants Amazon and Google have warned insurers must increase their digital innovation with low-cost experimentation and that senior executives must recognise the need for dedicated digital investment to achieve this.
Industry united in call for FCA to be appointed CMC regulator
Insurers have rallied to support the Association of British Insurers' call for the Financial Conduct Authority to oversee the regulation of claims management companies.
ABI relocating to America Square after 25 years at 'expensive' HQ
The Association of British Insurers has confirmed plans to move from its "expensive" Gresham Street headquarters to 1 America Square in a bid to lower costs for members.
ABI calls for FCA to regulate claims management sector
The Association of British Insurers has called for the Financial Conduct Authority to be appointed as the regulatory body responsible for claims management companies as "the current system is failing to provide enough of a deterrent to rogue firms".
Customers most likely to pick and choose on insurance
Insurance products have topped the list when it comes to consumers shopping around; beating mortgages, phone contracts and energy suppliers according to an ABI survey.
Home insurance premiums fall in year-on-year ABI statistics
The annual cost of a combined building and contents policy has fallen, with the average £290 figure down compared to this time last year but up slightly on the previous quarter, according to Association of British Insurers data.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
IPT increase to add £13 to motor policies, claims ABI
The Association of British Insurers has highlighted how a range of policies will be impacted when the Insurance Premium Tax increase takes effect in November.
ABI calls for action on CMCs as motor policy prices rise
The average motor insurance premium rose slightly in the third quarter of 2015, according to the Association of British Insurers' Quarterly Motor Insurance Premium Tracker.
ABI defends position on diverted profits tax after Insurer Nation criticism
The Association of British insurers has defended its actions on diverted profits tax after coming in from criticism from insurers.
The State of the Insurer Nation: Week One: Regulation
In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better…
Blog: Advanced analytics - music to insurers' ears
Fraud is costing European insurance companies billions of pounds every year. But by using big data and advanced analytics, the industry can make fraudsters face the music.
Aegon follows L&G out of ABI
Aegon plans to follow the precedent set by Legal & General when it leaves the Association of British Insurers at the end of the year.
Insurance fraud offences recorded by NFIB rise 13%
Insurance fraud offences recorded by the National Fraud Intelligence Bureau increased 13% in the 12 months to June 2015 to 9417 cases.
Serious injury guide potential precursor for future claimant and defendant engagement
The Association of Personal Injury Lawyers is hopeful partnering with insurers on its serious injury guide will pave the way for future positive collaboration between the historically opposing claimant and defendant sides of the industry.
The ABI says the worst has been avoided in BEPS reforms
The Association of British Insurers says the revision of international tax rules could have had unintended consequences on insurers but its proposals helped avoid the worst.
RSA's Currie replaces Emms as non-exec chair of Thatcham
Insurers’ automotive research centre Thatcham Research has appointed RSA’s Ian Currie as chairman of its non-executive board.
Benign weather coming to an end as insurers face up to climate change impact
Insurers have been told to brace themselves for similar losses to those experienced in the aftermath of the 2007 and 2013 floods as benign weather conditions subside and the impact of climate change increases over the coming years.
Government's CMC review given lukewarm welcome by insurers
Insurers have responded to the government’s review into claims management companies by suggesting new legislation and reducing the claim period for minor injuries as ways of tackling rogue CMCs.
Ageas becomes latest insurer to join IFR
Ageas has become the latest insurer to join the Insurance Fraud Register.
Trade Voice: Taking cover is a must
Compulsory public liability insurance will improve safety standards while helping protect companies.
Editor's Comment: Time to shout louder
With the party conference season in full swing, insurers are hopeful that less government intervention, lower costs of regulation and a halt on the proposed insurance premium tax hike are areas the Conservative government might consider in its latest…
In Series: Liability and Collaboration: No more Mr Nice Guy
After years of running battles, the focus on fraud prevention has moved to the employer’s liability sector, with the industry keener than ever to show it is not a soft touch.