All ABI articles – Page 3
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NewsBelow inflation rise in combined home buildings and contents insurance costs
’Insurers appreciate these continue to be tough times for many households,’ says general insurance manager
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BIBAInsurance industry ‘not in competition’ when supporting D&I – Axa XL
Firms must share ‘best practices’ between themselves to better support their goals
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NewsOpportunistic insurance fraud cases surge amid cost of living pressures
’Honest customers rightly expect insurers to clamp down on insurance fraud,’ says head of fraud and financial crime
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News AnalysisIn Focus: How will Solvency II reforms affect general insurance?
Industry experts chime in on the advantages and risks of Solvency II
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NewsSummer 2022 heatwave saw surge in subsidence payouts – ABI
Insurers are expected to pay £219m in subsidence claims for 2022 caused by last summer’s ’record breaking high temperatures’, says association
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NewsAviva, Ageas and Zurich among insurers to join neurodiversity campaign
Insurance leaders hope to challenge stereotypes and misconceptions around neurological differences
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NewsFlood Re completes East Peckham pilot to score properties’ flood resilience
The reinsurance scheme hopes its new flood resilience scoring could help underpin future insurer pricing
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News AnalysisData holding back industry’s efforts to implement social mobility career strategies
While the insurance sector is aggressively addressing imbalances around gender and ethnicity in the boardroom, its strategy on social mobility is seemingly far less advanced – despite the war for talent
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NewsInsurers’ appeal over court’s hybrid injury decision criticised as case backlog mounts
Industry commentator believes ‘insurers seem to be cutting off their nose to spite their face’ with move to disagree Court of Appeal finding
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NewsABI urges industry to seize opportunities from current challenges in new strategy
The trade association believes the insurance ‘sector has a huge opportunity to work together to drive change’
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NewsHousehold premiums fall 6% year-on-year despite 2022’s extreme weather costs
The average price paid for combined buildings and contents insurance was £300 last year
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NewsMotor premiums up by 8% in Q4 2022 – ABI
Around 40% of all work is now being impacted by delays in car parts
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NewsManifesto 2023: IPT rate should be frozen
The financial burden on insurance buyers has grown significantly according to Biba, and IPT has reached a record high
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News AnalysisCost of fraud set to ‘snowball’ in 2023
Counter fraud experts say that the continuing cost of living crisis and economic turmoil in the UK will increase the danger of opportunistic fraud
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News AnalysisIn Focus: Insurers must brace for property disrepair claims as CMCs’ interest is piqued
Counter fraud experts have seen cases where certain CMCs have encouraged vulnerable customers to pursue ‘exaggerated or unmeritorious claims’
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News AnalysisBriefing: When life gives you lemons – Lemonade does generative AI
Lemonade was ’established as AI doing insurance’ – and now the insurtech is ready to make its mark in the UK
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NewsLack of socio-economic diversity threatening inclusion efforts in insurance, say experts
Workers in the insurance industry from the lowest socio-economic backgrounds progress 25% slower than their colleagues, says chair
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NewsABI creates blueprint for DEI future
The UK’s major insurers and reinsurers also contributed to the new strategy document via the ABI’s DEI board sub group
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NewsIFED makes seven arrests in latest fraud clampdown
The department anticipates that fraud is likely to increase due to the cost of living crisis and resumed foreign travel
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NewsABI director James Dalton to join Motor Insurers’ Bureau executive team
The MIB’s raft of senior leadership changes are part of the organisation’s drive to increase its benefit to the industry and its partners
