Association of British Insurers (ABI)
Industry 'concerned' over FSCS levy proposals
Trade bodies are concerned over the Financial Conduct Authority’s suggestions on Financial Services Compensation Scheme funding.
IPT: higher and higher
Wasn't expecting that... The lyrics from the Jamie Lawson song could apply to insurers, following the latest hike in insurance premium tax.
Review of the year 2016
2016 started with several UK regions under water, and then saw the launch of Flood Re. It underwent the largest overhaul of insurance law in a century and it finishes on a long awaited reform. Insurers, brokers and industry representatives are sharing…
Insurance sector 'speaking with one voice' on Brexit
The insurance industry is speaking “with one voice” on Brexit, according to trade bodies.
PI firm's 'ethnic penalty' motor premium findings submitted to Human Rights Commission
PI law firm Thompsons Solicitors has submitted its findings on 'ethnic penalties' in motor insurance to the Equality and Human Rights Commission.
5000 on standby for insurers’ winter flooding response
Insurers have thousands of staff on standby to deal with severe flooding this year, the Association of British Insurers has said.
Pool Re chairman joins Neon as non-executive chairman
Neon has appointed Pool Re chairman Geoff Riddell as non-executive chairman.
Spotlight: Motor Data: Increasing data use in the van sector
Van insurance is often purchased by sole traders in the same way as household insurance but data in this sector lags behind the rest of the personal lines sector. What can the sector do to catch up?
UK's IPT now 6th highest in Europe
The UK now has the 6th highest standard rate of insurance premium tax in Europe, coming after Germany, Greece, Italy, the Netherlands and Finland.
Digital Insurance Collective Blog: Where do MGAs fit in?
A lot of attention has been drawn to the digital developments that are being undertaken by insurers in the direct market but, while direct is an important market, transformation of the indirect channel is also deserving of more attention.
Driverless cars could 'kill off' motor insurance, Ageas warns
Driverless cars could spell the end of motor insurance and force a transformation of the claims process, the CEO of Ageas has warned.
Trov partnership is a model for how to handle disruptors, says Blanc
Insurers should embrace 'disruptive' insurtech start-ups like Trov, said Amanda Blanc, Axa UK CEO.
Insurers pay out £56.7m in claims every day
Insurers paid out £56.7m to customers every day in 2015, according to figures from the Association of British Insurers.
Insurers call for data standards on driverless cars
Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, the Association of British Insurers Annual Conference will hear today.
Government 'priority' to work with insurance industry to enhance economy
The government will continue to work alongside the insurance industry in order to prepare for market changes.
FCA boss warns insurers about ‘exploiting’ customers through Big Data
The Financial Conduct Authority has warned against insurers “exploiting” customers by using Big Data to unfairly tailor premiums.
Amanda Blanc appointed as new chair of the ABI's General Insurance Council
Amanda Blanc has been appointed as the new chair of the Association of British Insurers’ General Insurance Council.
ABI urges regulators to 'refine not replace' Solvency II post-Brexit
Insurers are calling on regulators to refine Solvency II to better suit the UK market, rather than replace it entirely when the UK leaves the EU.
Insurers welcome government's whiplash consultation after MoJ u-turn
Insurers have welcomed the government’s whiplash reform consultation, which launched today after apparently being 'shelved' in October.
MoJ launches whiplash consultation
The Ministry of Justice today launched its consultation on proposals to personal injury reform.
Almost all motor claims made last year were successful
The UK insurance market paid out £15bn to policyholders last year with 99% of private motor claims made being successful.
Over-50s: Targeting a mature market
For insurers, targeting the over-50s market would appear to be a no-brainer, not least because there are so many of them.
All aboard the Brexit rollercoaster
There is a touching stubborn optimism in the insurance industry about where the Brexit negotiations might lead, although it is rather like one of those fixed smiles that it gradually becomes harder to sustain with any degree of conviction.
Customers' home insurance will not be 'invalidated' following Samsung recall
Insurers have warned customers to respond to Samsung’s recall of Galaxy Note 7 devices but have assured them that their homes will still be covered in the event of a fire.