Association of British Insurers (ABI)
ABI warns passengers affected by laptop ban on flights
Passengers affected by a ban on large electronic items in the aircraft cabin have been warned to check with their insurers before flying.
Ogden rate change goes live at minus 0.75%
The Ogden discount rate changed today from 2.5% to minus 0.75% following the Lord Chancellor's announcement last month.
MPs investigate whiplash claims
The Justice Committee is launching a short inquiry into whiplash claims and on government plans to raise the small claims limit for personal injury.
ABI blasts 'fake news' report on falling whiplash claims
The Association of British Insurers has branded a Capital Economics report into the falling rate of soft tissue injury claims as “fake news”.
PRA to review Solvency II reporting requirements
The Prudential Regulation Authority is to conduct a review of Solvency II reporting requirements, in an attempt to ease insurers' reporting burdens.
ABI's James Dalton on sorting out the discount rate mess
I am living the discount rate at the moment. I have lost count of the number of meetings I have attended, legal opinions I have read and conversations with insurance company CEOs I have had on this complex issue.
This week in Post: bags of losses
This week has been a tumultous one for me and the insurance market alike.
ABI blasts government over 'extraordinary' discount rate costs to NHS
The government has set aside £5.9bn to “protect the NHS” from changes to the Ogden discount rate, the Chancellor confirmed today in his speech on the Spring Budget.
Chancellor’s budget of ‘little comfort’ to insurers
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
Coalition of insurance groups urges government to scrap planned IPT rise
A coalition of trade bodies and charity groups has urged the government to scrap any planned rise to the insurance premium tax ahead of tomorrow’s budget.
March 2017 Post: Census and CII CEO
My one-year-old just started toddling. She was so proud after pushing her walker to the other side of the room that she applauded herself. As a result, she lost her balance and landed on her bum.
Insurance Census 2017: Face of insurance
Insurance, like many financial services sectors, has a reputation for being pale, stale and male. In Post’s latest research Michèle Bacchus finds out if the description still fits and what the industry is doing to effect change
Insurers call on Chancellor to set new discount rate within a year
Industry leaders urged the Chancellor yesterday to set a new discount rate within the year, director general of the Association off British Insurers Huw Evans said.
Government to 'urgently' consult on discount rate cut after insurer CEO meeting
The government has said that it will “progress urgently” a consultation on the Ogden discount rate and “carefully consider” all the evidence submitted following today’s meeting between insurers and the Treasury.
15 top insurance CEOs to meet Chancellor today over discount rate cut
The CEOs of 15 of the UK’s biggest motor and commercial liability insurers will today meet Chancellor Philip Hammond to urge an intervention on the government's decision to slash the Ogden discount rate.
ABI hits out at ‘crazy’ discount rate decision, claiming it could affect 36 million motorists
The Association of British Insurers has warned that cutting the discount rate so severely was a “crazy decision” that will affect millions of motorists.
Solvency II risk margin is ‘fundamentally flawed’: PRA
Solvency II is broadly fine but there are some bugs that need to be ironed out, the CEO of the Prudential Regulation Authority has said.
Axa CEO: Discount rate cut could wipe out benefit from whiplash reform
The reduction of the discount rate may wipe out any reduction in premiums that consumers might see from whiplash reforms, the CEO of Axa has warned.
Risk managers and business leaders must be 'cyber savvy'
The UK’s business leaders and risk managers need to be ahead of the curve when it comes to cyber risk, said Julia Graham, technical director at the Association of Insurance and Risk Managers.
Government sets out insurance framework for driverless cars
The government will set out a framework this week for insurance for driverless cars, a move that has been welcomed by insurers.
ABI and Apil give evidence in parliament over whiplash
Insurers and lawyers went head to head over whiplash reform at a Parliamentary committee hearing this afternoon.
Legal Update: Discount rate review will increase cost of claims
The summer of 2001 saw Tony Blair and Labour elected for a second term, the London Stock Exchange go public, and Lance Armstrong win his third Tour de France. It is also when the discount rate was last reviewed and set at 2.5% by the then Lord Chancellor…
Motor premiums will ‘inevitably’ rise owing to discount rate changes
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
Motor premiums reach highest levels ever, says ABI
Motor premiums hit their highest recorded levels last quarter and rose more than five times the rate of inflation in 2016.