ABI

UK insurance price hikes outstrip Europe

Car insurance in the UK has risen far sharper since 2015 than in any other comparable European country. According to analysis commissioned by the SNP, average premiums in the UK […]

Automated Vehicles Act receives Royal Assent

Self-driving vehicles could join the UK car parc within two years after the government’s Automated Vehicles Act was passed into law today. The law requires self-driving vehicles to pass rigorous […]

Uninsured driver numbers double

Young drivers convicted of driving without a valid licence has more than doubled in two years amidst escalating premium prices. New research carried out by road safety charity IAM RoadSmart […]

JLR slashes in-house insurance premiums by 80%

Jaguar Land Rover has announced it will contribute £150 per month for three years towards certain in-house insurance policies. The offer, which effectively cuts the average price of its in-house […]

Claims costs outstripping premiums

Motor premiums rose one per cent in the first quarter of 2024, although average motor claims were up by eight per cent to an average of £4,800 during the same […]

ABI to tackle premium finance charges

Members of the Association of British Insurers (ABI) have announced a raft of new principles to manage premium finance charges. Premium finance charges are the fees applied to policyholders who […]

Motor insurers report record year of payouts

Motor insurers paid out an average of £1.13m in compensation every hour last year, according to new figures from the Motor Insurance Claims Tracker. It reported that from 2.3 million […]