ABI

Copart calls for industry collaboration

Copart UK emphasised its commitment to future skills and partnerships within motor insurance by taking part in an exclusive programme ‘Securing Futures’, produced by ITN Business for the ABI Annual […]

Price hikes continue for motor insurance

Average motor insurance premiums rose by eight per cent in the fourth quarter of last year, driven by rising costs in energy and materials as well as continued part delays. […]

Insurance payouts slow to snails pace

Analysis by Claims Management & Adjusting (CMA) has found that car theft victims are frequently waiting more than seven days longer for insurance payouts due to the new National Police […]

Insurers contribute £17.2bn in taxes to UK economy

The insurance and long-term savings industry has contributed a record £17.2bn to the UK economy in tax in 2021-22, according to the Association of British Insurers’ (ABI) latest Total Tax […]

ABI calls for IPT freeze

The Association of British Insurers (ABI) is urging the Chancellor to freeze the rate of Insurance Premium Tax (IPT) in the Autumn Statement, which will be delivered on 17 November. […]

Lemonade joins ABI

Insurtech Lemonade has joined the ABI after launching in the UK. It joins around 200 insurance and long-term savings companies who are represented by the ABI, working together to share […]

ABI announces new board appointment

The Association of British Insurers has announced that Jason Richards, Swiss Re CEO UK&I, is joining the board. The ABI board is formed of senior leaders from across the insurance […]

Fraud figures down

A crackdown on fraud is paying off with the Association of British Insurers reporting that both the number and cost of dishonest claims has reduced in the last year. However, […]

Motor premiums creeping up

The average price of motor insurance rose in the second quarter, according to data published by the ABI. Its Motor Insurance Premium Tracker found that the average policy has increased […]

Average premiums lowest for seven years

The average price paid for motor insurance in the first quarter of 2022 fell by five per cent to its lowest level in nearly seven years. According to the Association of […]

Motor insurance sinks to five-year low

Motor insurance is at a five-year low, according to the ABI’s latest Motor Insurance Premium Tracker. It found that for the second quarter of the year the average price paid […]

Motor premiums down to 2016 levels

The average price motorists paid for their motor insurance in the first quarter of 2021 fell to its lowest level since 2016. According to the ABI’s latest Motor Insurance Premium Tracker, the average […]