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Association of British Insurers (ABI) company profile

Association of British Insurers (ABI): The ABI is the voice of the UK’s insurance, investment and long-term savings industry. It has over 300 members, which together account for around 90% of premiums in the UK domestic market. The creation of the ABI meant that all sectors of the insurance company market could now speak through a single organisation. The ABI’s policy work is organised around four main policy departments: General Insurance; Life and Pensions; Financial Regulation and Taxation and Investment Affairs. The UK insurance industry is the third largest in the world and the largest in Europe, helping individuals and businesses protect themselves against the everyday risks they face. It pays out over £230 million per day in pension and life insurance benefits and over £50 million per day in general insurance claims.

Association of British Insurers (ABI) website: http://www.abi.org.uk

All the latest news from Association of British Insurers (ABI):

  • Motor insurance industry called to explain 40% premium rises
    The Office of Fair Trading (OFT) has called for the motor insurance industry to produce evidence explaining premium rises. Motor insurance premiums have increased by around 40% in the 12 months prior to 31 March 2011 and the OFT hope [...]
  • Insurers could face vicious circle
    Motor insurers have been warned that they could find themselves in a Catch 22 situation if rapidly rising insurance premiums are not tamed. In a poll carried out by What Car? magazine, 84% of motorists say their car insurance has [...]
  • Survey highlights ignorance of coasting dangers
    As motorists employ every trick available to conserve fuel, over a quarter of drivers are underestimating the dangers of coasting, a new survey has revealed. High street insurer Swinton quizzed 1,200 motorists and found that 27% of them admitted to [...]
  • ABI: Motor insurance to cover Toyota owners
    "The ABI confirms that motor insurance policies will continue to cover Toyota owners affected by the recall of certain models. Any claims will be dealt with in the normal way, in accordance with the terms and conditions of the policy. [...]
  • Scrape your windscreen, don’t lose your car to winter thieves says ABI
    The ABI is warning motorists not to leave their vehicles unattended, with the engine running to defrost and warm up, during the current freezing weather. Thieves are increasing targeting cars left unattended in this way. Parts of the country have [...]
  • ABI appoints Peter Jolly as Assistant Director, Consumers and Distribution Reform
    The ABI has appointed Peter Jolly as Assistant Director, Consumers and Distribution Reform. Peter joins the ABI from Standard Life, where he was Head of Distribution Policy, and takes over from Alex Roy, who has left to take up a [...]
  • Insurance industry has improved customer outcomes, but has further to go
    Speaking at the Insurance Times Forum, Challenges for 2010 and Beyond, Stephen Haddrill, the ABI’s Director General, said: “We have come a long way in improving customer outcomes. We have been competitive and innovative to the customers’ great advantage. But [...]
  • Financial services industry and FSA agree a package to help MPPI customers
    The Association of British Insurers (ABI), the British Bankers Association, the Building Societies Association and the Council of Mortgage Lenders have reached an agreement with the Financial Services Authority (FSA) that sets out a framework for dealing with recent and [...]
  • Quicker compensation for people injured in motor accidents
    Around 400,000 people injured in road accidents could benefit from much speedier compensation under a more streamlined compensation system, announced today by the Ministry of Justice. The new arrangements follow an ABI campaign for a simpler, quicker and more cost-effective [...]
  • Government Must Act On Introduction Of A Car Scrappage Scheme
    The AA has urged the Government to make a decision to introduce a car scrappage scheme. Either way a decision is needed as the automotive industry in the UK hangs by a thread. The organisation has called on the Treasury [...]
  • Thatcham Security Standards To Be Adopted In Sweden
    Thatcham’s vehicle security experts are tightening the net still further on global vehicle crime. Insurers in Sweden have introduced a security ratings system, based on Thatcham’s New Vehicle Security Assessment (NVSA), a move which begins to show the acceptance of [...]
  • ABI Warns Over Rise In Front End Fraud
    Motorists are increasingly putting their insurance cover at risk by cheating to get a better deal, the ABI (Association of British Insurers) has warned. Insurers are uncovering a growing number of cases of ‘front end fraud’, where the customer has [...]

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