Association of British Insurers (ABI)
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.
ABI close to naming Flood Re CEO as search for CFO begins
The Association of British Insurers expects to unveil a full time chief executive of Flood Re in June and has begun its search for a chief financial officer.
Homeowners urged to speak out against Flood Re exclusions
The British Property Federation is calling on flood-prone residents to speak out amid fears the introduction of the Flood Re scheme next year will leave millions without access to affordable flood cover.
Editor's comment: A tough act to follow
As clichés about getting on in the world go, ‘it’s not what you know, it’s who you know’ is about as well-worn as it gets.
Expertise In Action - Big data: Thinking big
‘Big data’ has long been hailed as the next big thing in insurance – so why have firms been so slow to harness its undoubted potential?
Bodyshops launch fairness campaign
The National Association of Bodyshops has begun a new campaign to rebuild relationships with insurers and claims management companies under the umbrella of "treating bodyshops fairly".
ABI investment arm to merge with IMA
The Association of British Insurers has agreed to merge its investment activities with the Investment Management Association, creating a new trade body.
Scottish Independence: Decision time
As the referendum on Scottish independence edges closer, what would a ‘yes’ vote mean for the insurance industry?
GI players demand action after FCA life insurance investigation blunder
Aviva and L&G shares fall after investigation details are aired prematurely.
Insurance Fraud Register backers dismiss criticisms over slow progress
Hill Dickinson fraud boss Oakes says value of the IFR is ‘incredibly limited’.
ABI won’t fight for further Flood Re inclusions despite band H U-turn
Sources say association’s public backing is result of pressure from Westminster.
Editor's Comment: FCA finds itself in the crosshairs
It hasn’t taken long for the hunter to become the hunted and, with insurers smelling blood, the Financial Conduct Authority finds itself in the awkward position of being forced to account for its own actions.
High-net-worth firms get behind ABI’s band H stance
The Association of British Insurers' support for including band H properties in Flood Re has been welcomed by high-net-worth firms.
ABI joins calls for Flood Re U-turn on band H homes
The Association of British Insurers is writing to Environment Secretary Owen Paterson in a bid to facilitate the inclusion of council tax band H properties within Flood Re.
Woolgrove signals intention to stay in insurance
Outgoing Direct Line Group personal lines managing director Tom Woolgrove has told Post he plans to stay in the insurance industry after his tenure as interim Flood Re chief executive.
Starling running insurance consultancy business
Former Association of British Insurers general insurance director Nick Starling has set up an independent consulting business after leaving the organisation last year.
Editor's comment: Handle whiplash issue with care
There are some life lessons that are easily learnt and rarely forgotten. For example, putting your head in a lion’s mouth is not advisable, and jumping off a cliff might hurt a bit if you’re not attached to a parachute or hang glider or if you’re not…
Rehabilitation-only personal injury whiplash debate fails to gain traction
Insurers highlight claims time frames as area of major concern
Osborne slams FCA over leaked review details
Chancellor George Osborne has written to the Financial Conduct Authority to express frustration after the leaking of market sensitive details by the watchdog led to a sharp drop in insurer share prices, the Financial Times reported.
Calls for debate on scrapping of low value PI payouts branded 'cynical'
Law firm Simpson Millar has described suggestions emanating from the Association of British Insurers that cash payouts for low value personal injury claims should be scrapped as “very worrying”.