Association of British Insurers
ABI : pension charges to be made clearer to UK savers
The UK's leading pension providers, members of the Association of British Insurers, have announced an agreement to ensure the consistent and straightforward disclosure of...
ABI : insurers are well prepared to implement reforms
With fewer than five weeks to go until major changes to the way people pay for and access financial advice, the Association of British...
ABI : UK compensation culture still needs reform
Further evidence of the need to reform the UK compensation culture comes today with an ABI-commissioned survey showing that three in four people have...
AMII : three new teams announced
The Association of Medical Insurance Intermediaries (AMII) has announced three sub committees working directly to the main Executive Committee.
The new sub committees are as...
Fitch Ratings : uncertainty remains on availability of flood insurance
The end of the government and insurance industry's Statement of Principles (SoP) agreement to provide insurance in high flood risk areas in June 2013...
ABI welcomes claims limit extension
The Association of British Insurers (ABI) welcomed on Thursday the Governments announcement to extend the claims limit for settling personal injury motor claims from...
Telematics : the quarrels begin
With the recent surge in interest for telematicts technology, disputes have begun to emerge over the ownership of the data the devices produce.
To nip...
Insurance Fraud Enforcement Department opens it’s doors
London's new Insurance Fraud Enforcement Department (IFED) opened it's doors for the first time today, and already they are reviewing a number of cases...
FSA : Peter Vipond to head new department
The FSA has appointed a new manager within their Insurance Division.
Peter Vipond will lead the new Insurance Sector and Prudential Support Department as...
ABI : “focused approach” the best method for transparency
The Association of British Insurers (ABI) has questioned whether publishing all findings from the Financial Ombudsman Services' (FOS) is the best way to achieve...
IFB : new Supervisory and Technical Board
The IFB today announced the members of the newly structured Supervisory and Technical Boards. The new structure is a part of its recently agreed...
ABI figures show income from life insurance still falling
The UK life insurance industry paid out $32 million in benefits each day in 2010, according to the Association of British insurers.
The payments were...
ABI : critical illness and life insurance claims paid out continues to rise
According to the Association of British Insurers, the amount paid to customers through critical illness and life insurance policies continues to rise significantly.
In 2010,...
ABI : bereaved families to get life insurance payments quickly
People will get life insurance payments more quickly after bereavement, as the ABI issues new guidance to insurers cutting the time it takes from...
Car insurance : insurance rise driven by young drivers
Accident-prone young drivers and a surge in fraudulent claims are key factors behind the steep rise in motor insurance premiums which threaten to drive...
Car insurance : soaring insurance premiums for young male motorists
Young male motorists are being hit hardest by the sharpest rises in insurance premiums for 16 years with average premiums almost doubling in the...
ABI: Insurers committed to asbestos compensation
The Association of British Insurers has claimed that insurance companies are still committed to compensating asbestos victims despite today’s critical Court of Appeal ruling.
The...
Research : Public backs call for minimum one year learning period for young drivers
The ABI is calling for a minimum one-year learning period to reduce the high number of deaths and serious injuries involving young drivers. According...
Report : 85% of insurance technology managers believe systems under-utilised
85% of insurance risk professionals believe they are under-utilising technology at a critical time in the preparation for Solvency II.
The finding has been...
Flood insurance : policies should reflect flood risk
Representatives from the insurance industry met with the National Flood Forum, the Environment Agency and local government to discuss the challenges in managing future...
