Association of British Insurers (ABI)
ABI wants referral fee ban to be next on Government to do list
Today’s Government announcement on civil litigation reform will put the brake on runaway legal costs and mean a better deal for genuine claimants and insurance customers, according to the Association of British Insurers.
ABI reveals stress test concerns
The Association of British Insurers has questioned the Insurance and Occupational Pensions Authority’s decision to schedule a stress test during the implementation of Solvency II.
Credit hire - market update: time for a credit check
With the coming year shaping up to be just as busy as 2010 in the credit hire arena, Craig Dickson looks at the themes and issues likely to dominate.
Thatcham-style caravan platform set to launch
Motor caravan broker Victor Millwell is piloting a new technology platform that provides access to a detailed ratings database of motorhomes currently in use throughout the UK.
Disappointment over 10% increase in FSA funding
The insurance market has expressed disappointment at a 10% increase in the Financial Services Authority's funding requirements during 2011/2012.
Post history - 10 years ago: TUC blasts ABI over asbestos
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Political focus - big society: what's the big idea?
The voluntary sector is one set for growth, as the government pushes its Big Society theme. Edward Murray looks at what impact this is having on insurance and how the sector is provided for.
Crawford fraud boss pinpoints social media as ideal weapon
Crawford & Company vice president of counter-fraud solutions Bobby Gracey has highlighted social networking websites as a new weapon that insurance companies can use to combat fraud.
Budget 2011: Budget offers “dual route for growth”
Responding to today’s Budget, Maggie Craig, acting director general of the Association of British Insurers, said that it offers a dual route for growth – boosting long-term investment and securing a competitive UK tax regime.
Risk report attacks industry failures
The insurance industry's failure to make significant changes to the "deficient" commercial lines sector has been "wholly unacceptable", according to research firm Mactavish.
Select committee under fire over referral disclosure plans
Motor insurers have hit back at government proposals forcing the industry to disclose details of their referral fee arrangements.
Editor's comment: Out of step with reality?
Just before the devastating events began to unfold in Japan last week, the UK insurance market found itself vexed by the Transport Select Committee's report into the rising cost of motor insurance.
Deadline fears raised over Solvency II implementation
Concerns over increasingly tight deadlines in the run-up to the implementation of Solvency II have been raised on behalf of the insurance industry following publication of the European regulator's fifth quantitative impact study.
Lord Myners raises gender question
The European Court of Justice ruling on gender has again been raised in Parliament.
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.
Dedicated insurance police force mooted
The Association of British Insurers general insurance council will debate the setting up of a dedicated police unit aimed at tackling insurance fraud at its next meeting on Thursday 17 March, Post has learnt.
ABI: transport committee motor insurance report is a "missed opportunity"
The Association of British Insurers has accused the transport select committee of "choosing to ignore” vital evidence provided by the insurance industry into the cost of motor premiums.
Professional indemnity - legal services shake up: a plethora of problems for solcitors?
With the legal services industry set for a structural shake-up, Mike Willis and Lindsay Bowskill consider the impact on its insurers.
Disease claims: amendments to the pre-action protocol for disease
Recent amendments to the pre-action protocol for disease and illness claims underline that the claims process is a genuine two-way street. Ian Macalister details the encouraging changes.
New ABI DG to focus on consumer issues
The Association of British Insurers’ new director general has pledged to put consumer issues across general insurance and life & pensions at the centre of the organisation’s strategy.
Editor’s comment: two new faces to watch
With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.
Aviva takes minority stake in HCML – Insurance News Now – 9 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including Aviva Health’s “significant” investment to secure a minority shareholding in rehabilitation firm HCML.
ABI names new director general
The Association of British Insurers has appointed Otto Thoresen its new director general.
Biba to take FSCS fight to the House of Commons
The British Insurance Brokers' Association, the Association of Independent Financial Advisers and the Association of British Insurers are set to discuss Financial Services Compensation Scheme levies at the House of Commons next week.