Association of British Insurers (ABI)
ABI calls for collaborative approach to SCT limit reforms
The Association of British Insurers has called parties interested in Small Claims Track reforms to “put aside petty name calling” and work together.
ABI concerned over Riot Act restrictions on insurer recoveries
The Association of British Insurers has raised concerns about the restrictions on insurer recoveries contained in the independent review of the Riot (Damages) Act 1886, published today.
ABI predicts St Jude storm to cost insurers £130m
The Association of British Insurers is estimating insurers will have to pay out £130m to policyholders following last week’s St Jude storm.
IFR promised in ‘weeks not months’ but delay continues to frustrate
Davies cites importance of a foolproof platform as reason for IFR not being ready.
Penny Black's Insurance Week - 7 November 2013
Penny had a chuckle this week when MP Sajid Javid compared long-awaited regulatory package Solvency II with The Godfather trilogy.
Insurers to pay out £130m for St Jude storm losses
The Association of British Insurers has revealed the industry is expected to pay out £130m to customers hit by St Jude’s day storm.
Pet Insurance: Paws for thought
The cost of pet insurance claims has skyrocketed in the past five years, prompting some insurers to withdraw from the sector altogether. How can those that remain respond to the difficult market conditions?
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference.
GI sector fears ABI restructure will push its issues down the pecking order
General Insurance will merge with life and pensions and be led by Huw Evans.
Editors comment: Trick or treat?
Aviva has done it this year, as has QBE, while brokers such as Towergate have got in on the act too – but now it seems it’s the trade bodies’ turn to follow suit.
Opportunistic Fraud: Zero tolerance
With opportunistic fraud attracting little public attention compared with large-scale organised fraud, the insurance sector is battling to change attitudes to such crime and develop methods to catch its perpetrators.
Des Hudson slams ABI for lack of cooperation on fraud fight
Law Society’s chairman Des Hudson has criticised the Association of British Insurers for its “lack of cooperation” in the fight against fraud.
ABI restructure: will GI be sidelined now Starling has taken flight?
When the chairman of Hiscox, Robert Hiscox, announced he was retiring last year, the Association of British Insurers was probably secretly relieved.
ABI to merge GI and pensions under Huw Evans after Starling role axed
The Association of British Insurers has revealed its restructure will deliver 7% cost savings for its members.
Starling, Craig and Gay leave ABI amid restructure
The Association of British Insurers has announced changes that will see the departure of three members of its executive team.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Whiplash: Choosing the right path
Several ideas have been suggested to alleviate insurers’ whiplash woes – but which method represents the best solution for all parties?
ABI supports PRA Solvency II consultation
The Association of British Insurers has welcomed the Prudential Regulation Authority’s public consultation on its approach to implementing EIOPA’s guidelines for the preparation of Solvency II.
General insurance second only to PPI in H1 2013 FCA complaints
Payment protection insurance and other insurance products were the two most complained about products categories in the first half of 2013, according to the Financial Conduct Authority.
Political heavyweight primed for ABI Solvency II conference
Financial secretary to the Treasury Sajid Javid will be joined by a host of political and industry key note speakers at the Association of British Insurers' Solvency II conference on 31 October.
ABI backs young driver curfews despite resistance from members
Telematics provider labels plans a ‘draconian, backwards step.
Telematics: Long road ahead
Long hailed as the next big thing in motor insurance, telematics is still yet to really take off in the UK – so what’s holding it back?
Transport ministers told to consider graduated driver licensing
The Department for Transport has been advised to consider the introduction of graduated driver licensing for young drivers by the Transport Research Laboratory.
ABI unveils rehab insurer panel
The Association of British Insurers has revealed the make up of a new rehabilitation panel to provide a unified voice for insurers.