ABI

Motor premiums stable despite rising repair costs

Average motor premiums remained stable in the first three months of the year, despite a rise in claims costs. According to the Association of British Insurers, average motor insurance premiums […]

Cybercrime insurance payouts surge by 230%

The Association of British Insurers has revealed it paid out £197m to businesses affected by cybercrime in 2024. This is £138m more than in 2023 and represents a 230% year-on-year […]

Salvage Code of Practice updated by ABI

The ABI has updated its Salvage Code of Practice to bring the guidance in line with new vehicle technology such as electric and hybrid vehicles. The Salvage Code of Practice is […]

UK government launches motor insurance taskforce

The government has established a new taskforce to address rising motor insurance premiums and deliver fairer outcomes for drivers. Transport Secretary, Louise Haigh, and Economic Secretary to the Treasury, Tulip […]