Association of British Insurers (ABI)
Leader: Feeling distinctly mugged off
Starting a campaign to raise the profile of your members during a difficult time – with legal reform starting to pinch – is admirable.
Insurers insist they have nothing to hide after ‘self serving’ legal campaign
Law Society says claimants accepting early offers are being ‘mugged’.
Lower motor premiums depend on whiplash reforms, says ABI
The Association of British Insurers has called upon the government to deliver "fundamental changes" to tackle the UK's "whiplash epidemic" before insurers can deliver further reductions in car insurance premiums for their customers.
Whiplash small claims track extension under threat
The conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on the small claims track.
Interview: Biba's Steve White: Bold beginnings
From ‘shouting’ at the regulator to outlining a new segmentation strategy, new Biba chief executive Steve White has already ruffled more than a few feathers in his first 100 days in the hot seat. He tells Post he’s started as he means to go on...
Insurers to start using IFR in coming months says ABI
The first insurers to sign up to the Insurance Fraud Register will begin using it in the next few months, the Association of British Insurers said today.
Open GI and Experian launch fraud-check service
Software provider Open GI and information services firm Experian have launched a service to help brokers and insurers combat fraud.
Allianz warns on undetected fraud
The insurance industry should take the fight against fraud to other business lines in order to tackle undetected fraud, Allianz has warned.
Fraud costs the industry £1.1bn a year
Fraudulent insurance claims uncovered by insurers have topped £1.1bn a year as the industry’s clampdown on insurance cheats intensifies, according to a figures by the Association of British Insurers.
Volvo AEB system sparks reduced premiums for drivers
Volvo claims that its autonomous emergency braking system could save motorists up to £160 per year on their car insurance premiums, after the manufacturer declared the system will be fitted on most new models.
Insurers left perplexed by FSB’s ‘global systematically important’ tag
Report highlights potential ratings impact for implicated insurers.
Law Society will not abandon controversial campaign
Law Society president Nicholas Fluck has “no plans to abandon” the organisation’s recent personal injury advertising campaign following a call from the Association of British Insurers to withdraw it.
In Series: Claims: Joining forces
Bilateral agreements and a better use of technology can help insurers operate more efficiently when it comes to subrogation.
Insurers in the dark over how pensions deficit input will impact levies
Insurers are unlikely to find out how much of an impact a £200m pensions deficit left over from the Financial Services Authority will have on their individual levies, in spite of changes to plans that will see them contribute more.
ABI letter to Law Society calls for PI campaign to be withdrawn
The Association of British Insurers director general Otto Thoresen has expressed his “anger and disappointment” in a letter sent to the Law Society, calling for a recent personal injury advertising campaign to be withdrawn.
ABI welcomes elderly care scheme
The Association of British Insurers has welcomed a scheme to cap the cost of care and support at £72 000 from 2016, with funding coming from the Treasury.
Fatal crash prompts calls for insurers to scrap nighttime driving curfews
Telematics providers are urging insurers to remove nighttime driving restrictions from their products, after a coroner cited a curfew as a factor in a fatal crash involving two teenagers.
RAC Foundation calls for overhaul of licencing system
The RAC Foundation has called the government to consider placing conditions on young drivers’ licences as a way of reducing fatal accidents among this age group by more than a half.
Insurers called to step up lobbying efforts on young drivers’ safety
Insurers should put pressure on the government to change track on its safe driving proposals for young people, Simon Jackson, managing director of Girls Drive Better, has said.
Tax payer will not be insurer of last resort in Floor Re, says Benyon
The government will not be the insurer of last resort under the proposed Flood Re scheme, environment undersecretary Richard Benyon said yesterday.
Blog: Is Europe Flood Re's Achilles' Heel?
David Worsfold, group editorial services director at Post's publisher, Incisive Media, explains why the ABI and government might have more to fear from Europe than they first thought.
Q&A: Andy Watson: Happy days
Andy Watson reflects on his short time in charge of Ageas UK and discusses market issues, including the referral fees ban, regulation, telematics and recent job cuts in the sector.
Employment: Port in a storm?
Does the insurance sector’s resilience in a difficult economic climate make it a safe haven for employees, or are industry staff in as much peril as the rest of the UK workforce?