Natural Catastrophe

Exeter statistician wins prestigious 2016 Lloyd’s Science of Risk award

The research uses state-of-the-art statistical modelling techniques to simulate the severity of potential naturally-occurring hazard events, such as the windstorm that led to the destruction of the Dawlish rail network in 2014. […]

UK Economy

Industry reacts by quoting huge percentages as IPT goes up 2%

The insurance industry’s pleadings for an easy ride in the Chancellor’s Autumn Statement fell on deaf ears today as the Treasury announced another 2% added to Insurance Premium Tax. Reactions on social media appeared instantly, […]

Motor Insurance

“Driverless cars must share crash data if something goes wrong” Insurers make call for international data standards

Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, the Association of British Insurers (ABI) Annual Conference will hear today. […]

Insurance & Reinsurance

Scale of EU insurance-related legislation revealed

An analysis of how EU legislation impacts on the insurance and long term savings industry has been published today by the Association of British Insurers. The in-depth ‘mapping exercise’ identifies around 80 pieces of EU […]

Insurance claims

Independent study reflects Ombudsman concern over claims handling

research discovered that the issue of greatest importance for consumers, when it comes to claims, is customer experience. Almost half (42%) of the 2,000 consumers surveyed cited customer service reputation as one of the main factors they consider when choosing an insurer – whilst just 20% said they would always choose the insurer that paid out the most claims. […]

Emerging Risk

Companies must encourage whistleblowers says Economist Tim Harford

One of the UK’s leading economic commentators opened this year’s Airmic conference with a challenge against received wisdom and a call for companies to make whistleblowing easier. During his opening address at the Airmic Conference 2015, Tim […]

Emerging Risk

Crawford report highlights importance of scenario planning

Published in advance of the Association of Insurance and Risk Managers Conference 2015 which opens today, Scenario planning and adapting to emerging risks; A risk manager’s essential guide, analyses six key risk areas to reveal the latest practice by corporates. […]

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News

Election 2015: ABI reminds parties of industry priorities

Ahead of the General Election on Thursday 7th May, the Association of British Insurers reminded policymakers of its priorities for the next parliamentary session. Regardless of the outcome next week, the ABI remains focused on ten […]