The Association of British Insurers (ABI) has released an exposure draft of a revised Statement of Recommended Practice (SORP) on accounting for insurance companies.

The guidance will replace the current version of the SORP published in November 2003, the ABI said.

Included in the proposed changes is a recognition that listed groups now subject to International Financial Reporting Standards (IFRS).

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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