Association of British Insurers (ABI)
Fraud taskforce encouraged to broaden scope beyond motor insurance
Hertzell will invite industry experts to contribute to the work
Average policy savings of £15 predicted following My Licence launch
Motor Insurers’ Bureau CEO Ashton West has set his sights on the “the holy grail” of delivering claims data at the point of quote by 2016, following the launch of the My Licence initiative, which is expected to spark customer savings.
My Licence officially launches
The My Licence initiative has officially been launched by the Motor Insurers' Bureau and the Driver and Vehicle Licensing Agency.
ABI hits out at ‘misleading’ flood funding figures
The Association of British Insurers has questioned figures from the government suggesting that spending on flood defences remains above optimal levels.
Europe: Qualifications beyond the nations?
The UK insurance market has a very clear approach to professionalism and qualifications - but how does it compare with the rest of Europe?
Osborne unveils tax relief on flood defence contributions
Chancellor George Osborne has pledged to cut taxes on business contributions on flood defences in order to encourage private sector investment.
Dual pricing looks certain to come under FCA spotlight warns ABI chairman
Evans equates practice to bank teaser rates currently being scrutinised by FCA
ABI 2014 Motor Conference round-up
All the big stories from the ABI motor conference.
ABI boss Evans urges fraud task force to take on CMCs
The Association of British Insurers has joined member firms in welcoming the government’s decision to launch a fraud task force, but claimed it must tackle claims management companies if it is to be deemed a success.
Insurers urged to avoid repeat of credit hire ‘debacle’ in future FCA reforms
Association of British Insurers chairman Paul Evans has called on member firms to “not wait until the last possible moment” to act on expected regulatory interest around introductory offers for new customers.
MoJ’s Grayling outlines 1 April start for whiplash portal MedCo
The new regime to accredit and distribute work to medico legal firms will go live on 1 April 2015 it was announced today.
CMCs face new regulation after MoJ sets up Hertzell-led fraud task force
The Law Commissioner David Hertzell, pictured, is to chair a new government fraud task force that could lead the way for greater regulation of claims management companies.
MP moots option of second CMA review into motor insurance
A Conservative MP has raised the prospect of a second Competitions and Market Authority review into the motor insurance sector after the next election.
ABI's Evans urges insurers to take reputational issues into own hands
Insurers must do a better job of defending rating factors to avoid them being seen as a "sinister" use of data collection against consumers, Association of British Insurers deputy director general Huw Evans says.
ABI lukewarm on £470m flood defence plans
The Association of British Insurers has provided a measured response to Treasury plans to spend £470m on flood defences as part of a previously announced commitment of more than £2.3bn of public spending.
ABI dismisses CHO claim to MPs that Ifed acts as ‘private police force’
CHO concerned crimes that impact on society are not being tackled
Credit hire: A missed opportunity
The Competition and Markets Authority report on the private motor market was met with criticism over its lack of action on credit hire practices. So what action can the industry take?
Market Moves - 27 November 2014
All the latest job moves in the insurance market.
Spotlight: Future of broking: Get the training right
With few students willing to even consider insurance as a career option, how can the industry persuade young people that it is a viable career choice?
CHO charter unlikely to garner ABI support
The Association of British Insurers has said it would be unlikely to sign up to the Credit Hire Organisation consumer charter due to practical and legal concerns about the document.
CGI awarded My Licence contract as insurers wait to use system
CGI has contracted with the Motor Insurers' Bureau to deliver the My Licence hub to insurers as the system is reportedly being rolled-out across the industry.
Thoresen passes ABI baton to deputy Evans
The Association of British Insurers has named Huw Evans as the successor to director general Otto Thoresen ahead of his move to National Employment Savings Trust in February next year.
ABI signs joint letter on driving licence reform as government progress stalls
Ethics around restricting driving and passengers could be blocking progress