The ABI was expecting little joy on IPT, but held out some hope for changes to the employers' liability (EL) system in Chancellor Gordon Brown Pre-Budget speech on Wednesday.
Insurers have long campaigned for the abolition, or at least reduction, in IPT, calling it a "tax on prudence".
However, an ABI spokesman admitted policy changes were unlikely.
Brown raised hopes about reform of the workplace compensation system with a quick remark at a CBI gathering on Monday.
He said he planned to examine the rising cost of liability insurance as part of a review of the economic system.
The spokesman said the ABI welcomed the review, for which it had lobbied for some time.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
