ABI

Motor still dominates fraudulent claims

New figures have revealed that motor insurance accounted for the majority of fraudulent claims uncovered last year. According to the Association of British Insurers, 72,600 fraudulent claims were detected last […]

Premiums soar to record high

The Association of British Insurers has reported that average comprehensive motor premiums have risen to record highs. Its premium tracker analysis 28 million motor insurance policies in the UK and […]

More customers consider insurance fraud

New YouGov findings published by the Insurance Fraud Bureau (IFB) suggest a growing number of young adults could turn to insurance fraud as the cost-of-living crisis deepens. As many as […]

ACSO questions mixed injury appeal

The Association of Consumer Support Organisations has questioned the decision to allow the Association of British Insurers to appeal a landmark decision about compensation in mixed injury payouts. The decision […]

ABI data reveals surge in motor claims

Data from the Association of British Insurers have revealed that payouts for motor claims have risen by 14% in the last year to £2.4bn. This is 11% up on the […]

Motor insurance up 16%

The ABI’s latest Motor Insurance Premium Tracker has revealed that the overall average premium paid for private comprehensive motor insurance was £478, up two per cent on the previous quarter […]

Copart calls for industry collaboration

Copart UK emphasised its commitment to future skills and partnerships within motor insurance by taking part in an exclusive programme ‘Securing Futures’, produced by ITN Business for the ABI Annual […]

Price hikes continue for motor insurance

Average motor insurance premiums rose by eight per cent in the fourth quarter of last year, driven by rising costs in energy and materials as well as continued part delays. […]

Insurance payouts slow to snails pace

Analysis by Claims Management & Adjusting (CMA) has found that car theft victims are frequently waiting more than seven days longer for insurance payouts due to the new National Police […]

Insurers contribute £17.2bn in taxes to UK economy

The insurance and long-term savings industry has contributed a record £17.2bn to the UK economy in tax in 2021-22, according to the Association of British Insurers’ (ABI) latest Total Tax […]

ABI calls for IPT freeze

The Association of British Insurers (ABI) is urging the Chancellor to freeze the rate of Insurance Premium Tax (IPT) in the Autumn Statement, which will be delivered on 17 November. […]

Lemonade joins ABI

Insurtech Lemonade has joined the ABI after launching in the UK. It joins around 200 insurance and long-term savings companies who are represented by the ABI, working together to share […]