Association of British Insurers (ABI)
ABI seeking better clarity for customers on renewals
The Association of British Insurers is asking the Financial Conduct Authority to regulate on a minimum standard of information for companies to give customers when renewing their motor or home insurance policy.
Brokers and insurers hit with 3.2% FCA levy hikes
Both general insurers and brokers will have their fees to the Financial Conduct Authority hiked for the next financial year.
Editor's comment: Misguided? That’s putting it lightly
Underinsurance is a huge issue for the whole of the insurance sector and an ongoing battle for brokers, while putting the customer at the heart of every decision is becoming a mantra for the Financial Conduct Authority.
Brokers expected to prove worth after cut to minimum level of solicitors’ PI
ABI criticises SRA’s ‘misguided idea’ that reduction will lower premiums
Insurers maintain opposition to young driver curfews despite public backing
Sources suggest long-delayed green paper on young driver safety could be revived
Banning pre‑med whiplash settlements is not cost-effective, insurers tell TSC
Insurers refute Mass claim that pre-med settlements invite fraud
Career development: CII promotes ‘speaking up’ with new whistleblowing guide
The Chartered Insurance Institute has launched a ‘speaking up’ guide on whistleblowing as part of its ongoing ethical guidance series.
Biba to formulate guidance on sharing economy
The British Insurance Brokers' Association is to put together guidance on insuring risks for asset-sharing companies following a meeting between industry and government yesterday.
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Insurers critical of TSC medical report proposal
The industry has slammed a Transport Select Committee proposal to prohibit personal injury claims being settled without a medical report with one insurer calling the suggestion “out of touch”.
Insurers seek clarity over tangible returns from infrastructure investment
ABI looks to secure 20-year investment partnership with government
Axa UK CEO Evans nominated as ABI chairman
Axa UK group chief executive Paul Evans has been nominated to replace Tidjane Thiam of Prudential as chairman of the Association of British Insurers.
Industry and government to meet on sharing society insurance solution
Insurance industry representatives are to meet with government and asset-sharing companies next month to discuss insurance solutions for people who share their homes and vehicles.
UN Secretary General asks insurers to expand infrastructure investment
The Secretary General of the United Nations has called on the insurance sector to expand its investments into infrastructure, with a particular focus on disaster resilient projects.
Flood Re excluded parties given hope as government and industry bodies meet
Defra conducting research into issues faced by SMEs and leasehold properties
Government to reform laws on London short-term letting
Research from Direct Line's select premier insurance shows London homeowners could earn an average of £116 per room once legislative changes making short-term letting easier come into force.
ERAC Spotlight: Aiming Hire
Are technological advances and regulatory changes the answer to the insurance industry's problems with credit hire?
ABI outlines Flood Re SME exclusion stance at Defra meeting
The Association of British Insurers reiterated its view there is no evidence SMEs have a problem accessing affordable flood cover at a meeting between government and representative organisations yesterday.
Industry attacks government’s ‘flawed’ risk-pooling arrangement for schools
Marsh boss Weil warns scheme will ‘cost the taxpayer a lot of money’
Flooding: The future of flooding
As the Statement of Principles nears expiry and with the imminent introduction of Flood Re, what does the future hold for flood cover?
Add-ons: Under the microscope
The sale of additional products is under immense scrutiny by the Financial Conduct Authority. With the insurance industry pushing resources into self-policing since the motor legal expenses inquiry, has it done enough?
ABI heralds credit hire cap plans
The Association of British Insurers has welcomed plans to limit the cost of providing a replacement vehicle as an at-fault insurer as part of package of reforms unveiled the Competition and Markets Authority.
Mass critical of CMA stance on repair networks
The Motor Accident Solicitors Society has condemned the findings from the Competition and Markets Authority, which said the watchdog would not investigate repair networks further.
CMA probe provides ‘little respite’ for insurers, says analyst
Proposals from the Competition and Markets Authority issued today will provide little support to the relief for insurers hoping to boost performance, according to Shore Capital analyst Eamonn Flanagan.