All ABI articles – Page 6
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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
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AnalysisThe Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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NewsInsurance industry mourns death of ‘inspirational’ Queen Elizabeth II
The insurance sector is in mourning following the death of Queen Elizabeth II yesterday (8 September 2022) aged 96. She reigned for 70 years and 214 days and remains Britain’s longest standing monarch, having been catapulted to the throne on 2 June 1953 when she was aged 25, following the ...
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AnalysisCost of living crisis drives greater fraud volume and frequency from non-traditional sources
Counter fraud experts explained that difficult economic conditions are leading to increased levels of fraud from non-traditional perpetrators, necessitating a rethink of existing anti-fraud models
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AnalysisBriefing: Insurance industry must adopt signposting to support UK’s ageing population
With people living longer and retiring later in life, insurers must be flexible with their travel insurance policies to ensure that consumers are not left without cover
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NewsIndustry fraud crackdown sees dishonest claims fall in number and cost – ABI
With the cost of living crisis potentially triggering a fraud epidemic, one industry leader is calling for the Insurance Fraud Taskforce (IFT) to reconvene
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NewsAverage annual motor insurance premium up by £5 in Q2 2022 – ABI
Motor insurers are facing cost pressures, but they remain committed to keeping cover as ’competitively priced as possible’, says general insurance manager
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AnalysisWhat does an effective response to the threat of systemic risks look like?
The public expects ’insurers to lean into the challenges posed’ by systemic risks and work to develop solutions, says ABI’s director of GI policy
