All ABI articles – Page 10
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NewsBackchat June 2021
Crash for cash gang hotspots, charitable insurers and the insurance product people complained about most over lockdown. What has the insurance industry been up to this month? You heard it here first…
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News AnalysisMIB establishes working group to understand hybrid injury claims
The working group has a shared vision to avoid any detriment to injured claimants
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NewsThe FCA’s pricing policy changes could be ‘profound’
Abolishing ‘unethical price walking’ could encourage insurers to find ‘more innovative ways’ to ‘rip off’ customers
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NewsTemporary trade credit reinsurance scheme to close
Outgoing ABI director general says the scheme is an ‘excellent example’ of how the government and the insurance industry can work together
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NewsABI’s Huw Evans to join KPMG in 2022
The director general describes his time at the ABI as ‘a privilege’, however ’it feels the right time to be preparing to move on’
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FeaturesBriefing: Industry and government at loggerheads over ALKS
While the insurance industry is raising red flags over safety concerns, the government is determined to push ahead with autonomous driving technology – it will all come down to public perception
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News AnalysisPeers debate whether whiplash injury tariff rates are ‘fundamentally flawed’ or ‘the right level’
Last week’s House of Lords debate revealed mixed perspectives from peers, however some are concerned that extra minor injuries added to whiplash claims may ‘dilute’ the effects of the planned reforms
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NewsMotor insurance premiums record biggest quarterly fall in 2021’s Q1 - ABI
The average price paid for motor insurance is at its lowest in nearly five years
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NewsGovernment set to define ALKS as self-driving despite insurance industry warnings
Insurers and industry bodies urge caution as the government accelerates its plans for the implementation of automated lane keeping technology
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NewsABI reveals launch of inaugural flexible working campaign
Exactly 27 firms have signed up to the new charter, designed to ‘tackle’ gender inequality as well as retain and attract new talent
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NewsABI relays guidance replacing insurers’ lockdown support pledges
The pledges will be replaced with guidance across home, motor and pet insurance policies
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NewsABI reveals ‘biggest ever’ drive to boost customer mental health standards
The trade association aims to help all vulnerable customers navigate insurance products
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FeaturesBoosting business through benchmarking insights
Identifying areas for improvement in claims has become a differentiator thanks to Covid-19 and the whiplash reforms
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NewsPRA chief executive says regulator not interested in adding to its responsibilities
Sam Woods denies ‘the caricature of a rampant regulator intent on crushing the industry under a slow motion avalanche of new capital requirements’, but acknowledges that ‘a changing world requires a tough but flexible regulatory regime’
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FeaturesBriefing: FCA could be setting sector up to fail with four-month pricing implementation period
The FCA took its time crafting the foundations of its general insurance pricing review, however it expects insurance businesses to turn around rule changes on the double – surely it’s in nobody’s interest to rush such a pivotal market change?
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FeaturesBrexit unlocks opportunities for solvency II reform
Industry commentators believe there is ‘room for improvement’ around the solvency II regulations as Brexit heralds an opportunity to shape the rules to better suit UK businesses
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NewsMotor insurance payouts fell by 6% in 2020 due to lockdown impact
But personal injury claim payouts rose to an average of £12,000 last year
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FeaturesOpinion: Test case opens industry’s eyes to depth of expectation gap
Editor Katie Scott believes the momentum around getting to grips with the expectation gap has escalated following the FCA’s test case result - insurance leaders are now preparing to tackle this head on for 2021
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News‘There’s no point looking backwards’ at industry’s BI woes says economic secretary
The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances
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NewsInsurers have to grasp opportunity to lead climate change fight
Tackling climate change gives the insurance sector a ‘chance to show leadership’ and ‘be a driving force in this vital and important issue’ says expert panel
