Association of British Insurers (ABI)
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.
Editor's comment: What's under the wrapping paper?
Surprises for the insurance industry usually come in the form of floods, fires and windstorms, so it must have been a welcome change for the sector this weekend when Justice Secretary Chris Grayling handed them a more pleasant gift by stepping up the…
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
Riot Act compensation cap threatens ‘ghettoisation’ of UK towns and cities
£2m turnover limit ‘not reflective’ of small businesses in 2014
Call for fraud reform clarity over ‘fundamental dishonesty’ definition
MoJ plans include a ban on incentives to claimants and pre-medical offers
Industry welcomes government fraud action
Insurers have welcomed government measures to tackle insurance fraud announced today by Justice Secretary Chris Grayling.
MoJ plans strike out legislation for fraudulent claims
The Ministry of Justice is to step up its fight against fraudulent insurance claims by introducing legislation to require courts to reject entire compensation claims where a claimant has been “fundamentally” dishonest.
Your say: Investing in fraud specialists
The latest fraud results announced by the Association of British Insurers demonstrate once again that fraud is a risk that our industry cannot ignore as unchecked it will eradicate any marginal bottom lines in what continues to be a tough market for most.
The UK Insurance Growth Action Plan - where we are
Martin Shaw, CEO of the Association of Financial Mutuals, sits on a steering group for the UK Insurance Growth Action Plan. The plan identifies actions that Government, industry, and others can take forward in five key areas over the next 12 to 18 months…
Ifed investigation leads to four 'crash for cash' arrests
Four people have been arrested in dawn raids following months of investigation by the Insurance Fraud Enforcement Department into a suspected ‘crash for cash’ gang.
Industry gets behind FCA call to push conduct up board agendas
Regulator’s CEO asks firms to detect conduct issues earlier
Ifed dismisses ‘London-centric’ tag and defends conviction statistics
ABI funding of Ifed to increase despite £105 000 cost to industry per prosecution
Roundtable: Fraud: Talking tough
The insurance industry has made a big noise about increased anti‑fraud efforts in recent years, but how significant has the impact been – and where could firms do more?
Foil calls for Ifed to expand into the north to tackle rising fraud
Figures produced by the Association of British Insurers stating that detected fraud is at a record high has led to calls for the Insurance Fraud Enforcement Department to expand its presence, including the creation of an operational base in the north of…
Cost of fraudulent claims rose by 18% in 2013, says ABI
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to the Association of British Insurers.
BoE’s Carney fires insurance execs accountability warning
Bank of England governor Mark Carney has warned that the watchdog is building rules to hold insurance executives to account in the case of failures.
ABI strikes back at claims of government deal over Mesothelioma Act
The Association of British Insurers has hit back at claims it entered into a deal with government over changes to the Mesothelioma Act saying the debate is dominated by the vested interests of claimant solicitors.
Flood Re CEO Woolgrove to address Post's Disaster: Risk & Response event
The acting Flood Re CEO Tom Woolgrove has been added to the impressive speaker roster for the upcoming Post event, Disaster: Risk and Response.
Water Bill handed Royal Assent
The Water Bill has completed the final stage in passing into law, bringing with it the official introduction of the Flood Re scheme.
Whiplash reform consultation criticised for being ‘vague’ and ‘watered down’
Fixed fees for medical reports among areas of concern for stakeholders
ABI calls for small claims limit increase
The Association of British Insurers is urging government to increase the small claims limit from £1000 to £5000 to help ensure the fall in motor insurance premiums can be sustained.
Career development: ABI releases industry guide to non-modelled catastrophe risks
The Association of British Insurers has published an industry guide to better identify, assess and manage non-modelled aspects of global catastrophe risks.
ABI tracker reports 3% drop in quarterly motor premium rate
Data from the Association of British Insurers’ motor insurance premium tracker shows premiums in Q1 2014 fell 3% on the previous quarter.
ABI issues guide to assessing non-modelled cat risks
The Association of British Insurers has published an industry guide to better identify, assess and manage non-modelled aspects of global catastrophe risks.