Association of British Insurers (ABI)
Consumer Insurance Act: Under the radar?
The Consumer Insurance (Disclosure and Representations) Act 2012 will upend more than a century of the customer’s duty to disclose information to their insurer. Is the market prepared for this substantial change?
Cheap pet insurance under threat by EU Gender Ban after Austrian test case
Four months after gender was banned as a factor in setting premiums for motor insurance, Post understands its remit could soon be extended to impact pet owners.
Motor insurers vow to cut premiums if young driver claims come down
The insurance industry has promised the government young drivers’ premiums could go down by as much as 20% if new proposals succeed in reducing the frequency and value of motor insurance claims.
Hostile ABI response to ‘inferior’ Flood Mu model sparks wider debate
The Association of British Insurers’ attempts to derail a proposal put forward by Marsh to secure a mutualised solution to flood risk have been criticised by politicians and industry insiders.
Technology: Get smart, get appy
Insurers are widely considered to be slow adopters of new technology, but how do they fare in the world of mobile apps?
Metal Theft: Copper and Robbers
New legislation promises to make life tougher than ever for scrap metal thieves and ease the demand on insurers – but why is the market unconvinced it will be effective?
Need for robust flood solution 'more urgent than ever' says AA
Finding a way to ensure continuing insurance cover for homes at risk of flooding is ‘more urgent than ever’ according to the AA.
Paterson refuses to 'rush through' flood risk solution, as SoP expiry looms
Environment secretary Owen Paterson has claimed there is “no point rushing through” a long-term flood risk solution, despite there being just three months until the Statement of Principles expires.
Ingenie slams ABI night curfew proposals for young drivers
Ingenie has said the Association of British Insurers proposals to introduce a night time ban for young drivers as a way of improving young driver safety.
ABI brands Marsh's Flood Mu model 'completely unacceptable'
The Association of British Insurers has issued a damning response to Marsh’s proposal for a mutulised solution to flooding, describing the ‘Flood Mu’ model as “completely unacceptable to insurers”.
ABI and DLG welcome young drivers green paper
The Association of British Insurers and Direct Line Group have welcomed the green paper launched by the government at the motor insurance summit meeting which they both attended.
Young driver green paper launched at motor summit
The Department for Transport has launched a green paper in a bid to improve safety and reduce young driver risks and cut insurance costs.
ABI welcomes opportunity to reshape regulator-industry relationship
The Association of British Insurers has welcomed the opportunity to reshape the relationship between the industry and its regulators as the Financial Services Authority is due to be replaced by two new regulatory bodies.
Marsh's new 'Flood Mu' model tipped as likely SoP replacement
A mutualised solution to flood risk has been tipped as the new favourite to replace the Statement of Principles this summer, however a free market could be introduced while legislation is drawn up ahead of the model’s launch.
Transport Select Committee whiplash inquiry offers fresh hope to PI lawyers
Personal injury lawyers are hopeful the Transport Select Committee’s fresh inquiry into whiplash – launched a week after the Ministry of Justice closed its own consultation – will provide their businesses with a lifeline. This comes as a group of law…
Credit Hire: Co-operation not combat
With concerns over credit hire at an all-time high after the collapse of Drive Assist, what is the future for credit hire organisations, and can they ever truly make peace with insurers?
View from the Top: Time is running out
With agreement on the future of flood insurance still out of reach, the government must pick up the pace, says Bronek Masojada.
Improving Underwriting: The bigger the better
How is the move towards ‘big data’ from external sources helping insurers price risk in the post-Gender Directive environment?
Insurance sector responds to Budget
Members of the insurance industry have responded to today's Budget.
Biba and Marsh to join the flood debate at Efra evidence session
The British Insurance Brokers’ Association and Marsh have been invited to give evidence at tomorrow’s Environment, Food and Rural Affairs Committee meeting on flood insurance provision, after a previous evidence session was adjourned.
Transport Select Committee seeks further whiplash feedback
The Transport Select Committee has responded to debate triggered by the Ministry of Justice’s whiplash consultation paper by calling for evidence on reducing the number and cost of whiplash claims.
Flood Risk: Pours for thought
The 2007 floods were a major UK weather event, costing the insurance industry billions. However, despite similarities, the 2012 floods caused much less damage. What is the reason behind the change?
Industry expresses surprise as FSA probes use of private investigators
The Financial Services Authority has launched an investigation into insurance firms’ use of private investigators after becoming suspicious they are being deployed as a “tactical tool” to slash valid claims payments.