ABI

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 […]

ABI announces new motor insurance initiative

The ABI has unveiled a series of steps the industry is taking to combat the rising costs of motor cover. In collaboration with its Consumer Advisory Group, it will commission […]

Motor insurance prices continue sharp rise

Motor insurance prices jumped another 12% in the fourth quarter of last year, meaning premiums rose by more than 25% over the whole year. According to figures released by the […]

ABI updates board

The Association of British Insurers has announced that Amanda Blanc, group CEO, Aviva, Clive Bolton, CEO, M&G Life Insurance, and Tara Foley, CEO, Axa UK & Ireland, have joined the […]

Motor insurance up nearly a third

Motor insurance increased to an average price of £561 in the third quarter of the year, according to data from the Association of British Insurers. This is 29% higher than […]

ABI unveils cyber security tool for SMEs

The Association of British Insurers (ABI) has launched a free interactive tool to help SMEs assess their cyber security and plug any gaps. The Cyber Safety Tool asks a small […]

Motor insurance payouts up a third

Motor insurers paid out £2.5bn in claims in the second quarter of this year, according to the Association of British Insurers. This represents a 29% increase on the £2bn paid […]