Administration

Insurance News in Video: ABI pleads with Chancellor to end insurance tax increases

The Association of British Insurers is launching a new video campaign urging Chancellor Philip Hammond to end repeated increases in Insurance Premium Tax (IPT) when he presents his Budget on November 22nd. The standard rate […]

Global insurance trends

Credit insurer pessimistic on global trade growth

trade and economic growth are becoming increasingly disentangled with 2016 likely to be the first year in more than a decade in which the pace of trade growth fails to match the pace of GDP growth […]

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, […]

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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 […]

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Insurance claims

ABI key facts 2014 reveals £452m paid every day in claims

Revealing a range of data on claims payments and funds under management, the ABI’s latest key facts are led by the figure of £452 million which it says is paid every day to customers in the UK. […]

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Global insurance trends

#BIBA2012 Insurers enjoying clear path down corridors of power

When Andrew Marr told delegates at the British Insurance Brokers’ Association 2012 conference that insurers have historically been mistrusted around Westminster, I wondered if he might be about to quote former PM Harold Macmillan by adding; ‘but you’ve never had it so good’.

The BBC political commentator opened his speech to a packed Manchester Central Auditorium with the suggestion that general insurers might have been unfairly lumped in with the life insurance market in gaining this poor reputation amongst the political class. […]