All ABI articles – Page 8
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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
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NewsBiba launches Flood Insurance Directory in response to Blanc’s Doncaster review
The ‘cross-industry and government collaboration aims to provide a simple solution to a challenge that will help those that need it most’, says trade body’s executive director
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NewsABI partners with behavioural science social enterprise
The partnership aims to improve customer experience, trust and financial resilience by boosting numeracy confidence
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NewsMotor insurance premiums hit six-year low in 2021 – ABI
The average premium paid for comprehensive motor insurance in 2021 was £434, yet trade association predicts premium uptick amid insurer cost pressures
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NewsNew Scottish fire safety legislation could invalidate home insurance policies
The new legislation is set to come into force on 1 February 2022 in Scotland requires interlinked smoke alarms to be fitted by this date
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