Association of British Insurers (ABI)
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
Law Society survey finds increase in PI renewal difficulties
The Law Society’s Professional Indemnity Insurance (PII) Survey: Renewals 2010 has found that more firms had difficulty renewing their PII in 2010 than in 2009 and more reported an increase in premiums.
UK insurance industry survives stress tests
The strength of the UK insurance industry has been underlined following the results of the second European insurance stress test, according to the Association of British Insurers (ABI).
National insurance fraud register launched
The Association of British Insurers (ABI) has provided further detail on the national insurance fraud register to be fully operational by early 2012.
Fraud register gets go-ahead from ABI
The Association of British Insurers (ABI) has approved the Insurance Fraud Register and agreed to an industry-funded police unit dedicated to tackling organised crime.
ECJ ruling will only apply to new contracts
The Treasury has confirmed the ban on the use of gender in underwriting will not affect policies taken out before 21 December 2012.
Update: Axa stands alone in its voluntary ban on referral fees
Insurers have said they are not prepared to follow Axa’s lead in the banning of referral fees for personal injury.
Jack Straw attacks referral fee system
Former Secretary of State for Justice, Jack Straw MP, has called for referral fees to be banned in an article published in The Times.
Elite Insurance announces resignation from the ABI
Elite Insurance has confirmed that it will be resigning from the Association of British Insurers (ABI) with immediate effect.
Insurance industry needs to improve reputation, says ABI chief
The insurance industry has a key role to play in helping UK consumers manage their financial commitments, but first it needs to improve its reputation, ABI director general Otto Thoresen will say today at the ABI Biennial conference.
Brokers call for clear risk transfer policy
Biba 2011 delegates demand FSA and ABI devise rules governing brokers’ handling of client money.
Dual pricing must end, demands broker
Broker claims three cases cost his firm £35,000
Industry reacts to referral fee report
Lawyers and insurers have slammed the recommendation by the Legal Services Board (LSB) to retain referral fees in the personal injury marketplace.
Biba 2011: Trade bodies must work together, says Homer
Insurance industry trade bodies need to join forces to solve the problems surrounding the handling of client money, according to Towergate's Andy Homer.
Biba 2011: CIE consumer guide to be rolled out
A consumer guide giving advice to the public ahead of the launch of the new Continuous Insurance Enforcement was today released at the British Insurance Brokers' Association Conference in Manchester.
Ruling forces rethink over ash cloud payouts
Ombudsman rules that insurers remain liable for payouts to passengers left stranded by ash cloud
ABI demand to ban referral fees may prove to be futile
The Association of British Insurers may have wasted energy in its attempts to ban referral fees as new legislation on the horizon could see these fees “self regulate” without the need for any kind of mandate.
Radical product intervention could stifle choice, warns ABI
The Association of British Insurers (ABI) has called for a balanced approach by the Financial Services Authority (FSA) on product regulation that reflects the diversity of retail financial services markets in the UK.
Insurance Age blog: Referral fees and the ABI
The Association of British Insurers (ABI) hasn’t been shy in demanding an end to the use of referral fees. It seems that every chance that presents itself, from the news that Jackson’s reforms would be implemented in full to any news regarding the cost…
Insurance Age blog: It's a question of taste
According to research from the University of Hertfordshire, a blind taste test performed by over 400 members of the public has revealed that we cannot tell the difference between cheap or expensive wine.
ABI warns against duplication in regulatory reform
The Association of British Insurers (ABI) has called for transparent and accountable co-ordination between the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).