ABI

ABI announces new motor insurance initiative

The ABI has unveiled a series of steps the industry is taking to combat the rising costs of motor cover. In collaboration with its Consumer Advisory Group, it will commission […]

Motor insurance prices continue sharp rise

Motor insurance prices jumped another 12% in the fourth quarter of last year, meaning premiums rose by more than 25% over the whole year. According to figures released by the […]

ABI updates board

The Association of British Insurers has announced that Amanda Blanc, group CEO, Aviva, Clive Bolton, CEO, M&G Life Insurance, and Tara Foley, CEO, Axa UK & Ireland, have joined the […]

Motor insurance up nearly a third

Motor insurance increased to an average price of £561 in the third quarter of the year, according to data from the Association of British Insurers. This is 29% higher than […]

ABI unveils cyber security tool for SMEs

The Association of British Insurers (ABI) has launched a free interactive tool to help SMEs assess their cyber security and plug any gaps. The Cyber Safety Tool asks a small […]

Motor insurance payouts up a third

Motor insurers paid out £2.5bn in claims in the second quarter of this year, according to the Association of British Insurers. This represents a 29% increase on the £2bn paid […]

Motor still dominates fraudulent claims

New figures have revealed that motor insurance accounted for the majority of fraudulent claims uncovered last year. According to the Association of British Insurers, 72,600 fraudulent claims were detected last […]

Premiums soar to record high

The Association of British Insurers has reported that average comprehensive motor premiums have risen to record highs. Its premium tracker analysis 28 million motor insurance policies in the UK and […]

More customers consider insurance fraud

New YouGov findings published by the Insurance Fraud Bureau (IFB) suggest a growing number of young adults could turn to insurance fraud as the cost-of-living crisis deepens. As many as […]

ACSO questions mixed injury appeal

The Association of Consumer Support Organisations has questioned the decision to allow the Association of British Insurers to appeal a landmark decision about compensation in mixed injury payouts. The decision […]

ABI data reveals surge in motor claims

Data from the Association of British Insurers have revealed that payouts for motor claims have risen by 14% in the last year to £2.4bn. This is 11% up on the […]

Motor insurance up 16%

The ABI’s latest Motor Insurance Premium Tracker has revealed that the overall average premium paid for private comprehensive motor insurance was £478, up two per cent on the previous quarter […]