Insurance claims

ABI Responds to FCA Proposals Over Travel Insurance Cover

Today’s news media has covered the stories of those who have suffered serious, life-threatening illnesses and then – despite having the all-clear – find it impossible to obtain travel insurance at a reasonable cost. The […]

Insurance Regulation

Insurance Regulation News: ABI Responds to SRA Consultation

The Association of British Insurers has submitted its response to the Solicitors Regulation Authority’s consultationĀ ā€˜Protecting the users of legal services: balancing cost and access to legal services’. The SRA has proposed changes to the requirements […]

News

Feeling a Bit Ruff? Pet Insurance Claims Hit Record High of £775 Million

Pet insurers paid out Ā£775 million in claims in 2017 – the highest figure on record representing a 10% year-on-year increase – to help Brits with the unexpected costs associated with pet ownership. Figures released […]

Conference report

ABI and BIBA Announce New Guidelines on Renewal Prices

Insurers and brokers have today announced a new plan to help tackle excessive premium differences between long-standing and new customers. The ABI (Association of British Insurers) and BIBA (British Insurance Brokers’ Association) have launched a […]

Insurance claims

Industry Stats Show £5 Billion Worth of Protection Claims Paid in 2017

New figures released by the Association of British Insurers (ABI) and Group Risk Development (GRiD) show that the insurance industry paid out a record Ā£5 billion in protection claims in 2017 – representing an increase […]

Liability/Casualty

Grenfell: Research Highlights Poor Lab Test Regime on Building Materials

Research conducted on behalf of the insurance industry in the wake of the Grenfell Tower fire has exposed the utter inadequacy of the laboratory tests currently used to check the fire safety of building materials. […]

Insurance Regulation

Regulation: ABI Update on Latest SM&CR Rules for Insurers

Latest news update from the Association of British Insurers for you; There is a great deal of anticipation ahead of the impending rollout of the Senior Managers & Certification Regime (SM&CR) for insurers. The fact […]

Insurance claims

ABI Stats Say Companies are Suffering as Bad Debt Levels Soar

We are living in Bad debt Britain, says the ABI (Association of British Insurers), as pay outs to help UK businesses deal with unpaid bills hit their highest level since 2009 Latest ABI figures show […]