All ABI articles – Page 2
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NewsInsurance industry responds to large fire that shut Heathrow Airport
Travellers have been urged to get in touch with their insurers if they need to
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News AnalysisMarket responds as FCA shelves ‘name and shame’ and D&I proposals
The updates were revealed in a letter sent to the Treasury Select Committee
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News AnalysisTechTalk: Insurance fraud and the AI arms race
’Those insurers that don’t invest or haven’t invested in this sort of technology will be left behind, if they haven’t been already,’ says head of claims counter fraud
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News AnalysisUK government’s housing expansion plans has industry nervous for flood risk impact
Recent storms coupled with the Labour government’s plan to build 1.5 million homes by the next parliament – a target set by prime minister Keir Starmer in October 2023 – gives the insurance industry pause for thought around balancing flood risk management, property insurance and demand for housing
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NewsABI announces ex-Aviva UK chief executive as new president
’Through the ABI, the industry is stronger together and I look forward to working even more closely with members and business leaders,’ says appointee
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News AnalysisBriefing: Continued flood risk brings possible property protection gap to the forefront
A new protection gap between insured and uninsured property losses, driven by flooding in the UK, means it is more important than ever for brokers to be proactive when supporting clients
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NewsCowbell joins ABI to strengthen position in UK cyber market
’We are proud to join the ABI, alongside industry leaders, to strengthen the sector, foster greater trust and transparency and drive innovation forward,’ says senior vice president
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NewsMotor claims hit record £11.7bn as repair costs rise
’Our latest data paints a difficult picture for drivers and the industry alike,’ says head of general insurance policy
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NewsABI and MGAA team up to boost sector collaboration
’We aim to create greater awareness of core priorities and knowledge sharing for insurance firms and their customers,’ says chief executive
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News AnalysisOgden rate change causes overcompensation concerns for insurers
The government’s spring clean of the personal injury discount rate puts scrutiny on compensation see-saw, with market commentators dwelling on drivers for over and undercompensation
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NewsABI warns of costly burst pipe claims as cold weather hits
’Cold weather can lead to pipes freezing and bursting,’ says senior policy adviser
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News AnalysisIn Focus: New public-private partnership opens door to new counter fraud capabilities
’The government did talk about whether they might be able to do something about minimum levels of sentencing for convicted fraudsters,’ says chief fraud and financial crime officer
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News AnalysisIn Focus: How are ghost brokers utilising social media to commit fraud and what can be done to mitigate this approach?
Insurance Times asks industry experts how fraudsters are exploiting social platforms and what measures can be taken to tackle this growing threat
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NewsCompetitive prices ‘may not be best route to building trust’ with motorists
’The turmoil in the car insurance market over the past few years is continuing to take its toll on the reputation of the sector,’ says managing director
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NewsMotor premiums fall for second quarter in a row
However, the average cost of motor insurance in the third quarter of this year was £50 higher than the same period in 2023
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News AnalysisThe Big Question November 2024: What does UKGI hope will result from Labour’s motor insurance taskforce?
In October 2024, the newly elected Labour government established a motor insurance taskforce to ’crack down on spiralling costs’ – but what does UKGI anticipate will be the key actions arising from this body and will it have the desired impact on motor premiums?
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NewsABI reinforces inclusivity with independent non-exec appointment
’This role involves keeping consumer issues forefront of the association’s thinking and I’m looking forward to driving the company’s financial inclusion strategy forwards,’ says new appointee
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NewsHome Office launches ‘major new crackdown’ on insurance fraud
’Fraud is an appalling crime and we are determined to crack down on these callous criminals,’ says government minister
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News AnalysisOpinion: Is the new Labour government getting serious about insurance fraud?
Editor Katie Scott questions whether the new administration is making insurance fraud a priority, building on the foundations left behind by the Conservative party
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NewsRSA chief executive sworn in as new ABI deputy president
’The insurance industry plays a vital role underpinning the economic health of the country by enabling people, businesses and society to prosper in good times and be resilient in bad times,’
