All ABI articles – Page 8
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NewsInsurance industry must play ‘a fundamental role’ in the transition to net zero, says Prince of Wales
The role the insurance sector must play has ‘never been greater’, says ABI director general
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AnalysisProperty disrepair claims fraud is beginning to look like ‘the new PPI’
Industry experts have noticed a worrying increase in claims farming from CMCs in the property disrepair arena
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News‘Lots of uncertainty’ remains over OIC portal – Admiral
Some ramifications of the portal are clear, but more time is needed to fully understand others
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NewsWhiplash reforms have ‘dampened a rise in claims’ – MoJ’s David Parkin
Plus, the Official Injury Claim portal has not been ‘swamped by CMCs’ as predicted, says deputy director
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AnalysisThe Big Question June 2022: How is the insurance sector progressing in its plans to achieve net zero?
Following a greater regulatory focus on firms’ net zero transition plans, Insurance Times asks the industry how its climate change strategies are progressing
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NewsABI reveals record low for home buildings and contents insurance pricing
It is ‘too early’ to tell, however, how the FCA’s new pricing rules will have an impact, says general insurance manager
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AnalysisHouse of Lords advocates more proportional regulation for London market
Inquiry calls for ‘broader reassessment of regulatory culture’ as current London market oversight is described as ‘inflexible’ and ‘unnecessarily complex’ by committee chair
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NewsAverage cost of motor insurance has fallen 5% – ABI
This means consumers are enjoying the lowest average costs for nearly seven years
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NewsBiba and ABI celebrate 10 years of signposting agreement
The joint initiative has led to over 860,000 enquiries to Biba’s Find Insurance service
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AnalysisSocioeconomic inclusion demands greater insurance industry effort
People from lower socioeconomic backgrounds can experience longer career progression paths because of ‘polish and fit’, rather than ‘performance or talent’
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NewsGovernment scraps building safety manager requirement in latest Building Safety Bill shake up
The Secretary of State now has the power to ’impose requirements about new build home warranties’
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NewsDo insurance prices differ depending on race?
Insurance Times speaks to industry experts following Citizens Advice revealing a car insurance ‘ethnicity penalty’
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AnalysisIs the insurance industry using too much data for underwriting?
The lack of transparency around ‘secret resource’ underwriting data is one of insurance’s ‘greatest flaws,’ says consultancy managing director
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AnalysisIn Focus: Solvency II reform comes under scrutiny despite potential cost saving
Many industry commentators see post-Brexit Solvency II reform as an ’opportunity’ for insurers and shareholders, but could it leave policyholders paying higher prices? Insurance Times investigates…
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NewsIndustry backs Online Safety Bill’s new fraudulent advertising duty
Ofcom will be setting out further details for platforms
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AnalysisBrokers have a ‘key role’ following latest Scottish fire safety legislation
Five years on from the Grenfell Tower incident, and fire safety legislation is still being rolled out, the latest measure from the Scottish government, however, places brokers at the forefront of customer education
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NewsMP John Glen proposes insurance industry overhaul in Solvency II reform
A new Brexit Freedoms Bill will be brought forward too
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News‘Real work’ still to do to improve customer communications
However, ‘the industry has some great potential’ around using artificial intelligence to create personalised interactions with consumers, says expert panel
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NewsInsurance demonstrates it is ‘the shock absorber for the world’ in combating new risks
Event panellists also identify cyber risks as ‘the next systemic event that might hit’ commercial customers
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NewsFCA’s GI pricing reform used ‘a sledgehammer to crack a nut’ – Fairer Finance
Plus, ‘very consumer oriented’ regulation is being stretched into ‘the realms of international and corporate business’, which may not add customer value, says Aon UK boss
