Association of British Insurers (ABI)
ABI figures show 1,300 insurance scams a day detected in 2018
Detected dishonest claims reached a value of £1.2bn during the year.
Latest Ogden rate change will cost the industry over £160m
Insurers have revealed the impact from the change in the discount rate to -0.25%.
Biba and ABI voice Brexit concerns at 10 Downing Street
The organisations were invited to discuss Brexit preparedness with Michael Gove at a meeting which assumed No Deal.
Quizzical Questions: 9 August 2019
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Cyber insurance payout rates at 99%, claims ABI
The cyber insurance battlefield is far from clear as the trade body calls on the ICO to make more breach data available publicly.
LV GI's Treloar warns of discount rate-led premium rise
The CEO blamed Ogden for the increase as he pledged commitment to UK brokers and discussed the impact of the L&G deal following LV interim results.
Quizzical Questions: 2 August 2019
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ABI revises criminal convictions guide
The guide has been updated in line with regulation and market practice.
Sabre releases steady 2019 interim results
Firm head believes brokers have a bright future in motor providing they are aware of their place in the value chain.
Rise in motor insurance prices last quarter
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.
ABI hopes Boris Johnson will focus on regulation as PM
Director general of the ABI, Huw Evans hopes that Johnson will implement an orderly Brexit and aid the industry by “improving the competitiveness of our tax and regulatory environment.”
MOJ defends discount rate decision
The government hits back at criticism from the ABI pointing out a rate of between 0-1% was never guaranteed.
ABI bites back on discount rate
UPDATED: The association said the impact assessment is “misleading and disingenuous” in a letter to Lord Chancellor, David Gauke, following the announcement it would be set at -0.25%.
Jon Dye named as ABI chair
Dye takes over from Amanda Blanc, who resigned last week.
In-depth - claims: Part of the service
Providing a claims function is not something every broker does, but those wanting to retain business are offering the service to differentiate themselves and add value, Martin Friel reports
ABI slams FSCP's proposed automatic-upgrade rule to tackle dual pricing
Consumer body's suggestion follows the super-complaint from Citizens Advice.
Insurers could face fines for £4bn dual pricing "rip off"
The government is set to give the Competition & Markets Authority power to bypass the courts and fine firms that exploit loyalty.
Motor market records best year since 1985 ahead of troubled future, says EY
FCA pricing investigation and Civil Liability Act are expected to depress profitability in future years.
Government launches IPT review
HMRC calls for evidence from the insurance sector, admitting the current IPT model can lead to “unfair tax outcomes in the insurance industry”.
Quizzical questions: 3 May 2019
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Cost of motor insurance falls again
Survey by ABI reveals average motor insurance premiums dropped for the fourth quarter in a row.
News analysis: As the cyber row hots up, who will be on the right side of history?
Martin Friel cuts through the noise to get to the truth about cyber.
Podcast: The top five stories of the week
Siân Barton and Ida Axling discuss the most popular news pieces from the past five days.
Cyber row continues as ABI responds to Mactavish
ABI director general Huw Evans says Mactavish has “fundamentally misinterpreted” how cyber products are provided, after the insurance governance expert called on the industry for a guarantee that eight particular policy flaws won’t be used as reasons for…