UK Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different, and while a degree …
Insurers are unprepared for the costs of climate change, the top United Nations climate diplomat said as world leaders make final preparations for a deal on global warming. The agreement, which the UN expects to seal in Paris in December, …
The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union rules known as Solvency II. “I consider it …
“Tackling the cost of whiplash claims is essential to ensure UK motorists continue to benefit from lower average motor insurance premiums,” The Association of British Insurers said in a bulletin. According to the ABI’s latest quarterly average private comprehensive motor …
A bulletin from the Association of British Insurers announces that “Brendan McCafferty has been appointed CEO of Flood Re, after a selection process run by the Flood Re directors and senior representatives from the insurance industry.” He is currently the …
As the UK government launches its insurance growth plan, Huw Evans, Deputy Director General of the Association of British Insurers commented: “The Insurance Growth Action Plan demonstrates how important the UK insurance industry is to the economy and wider society …
The Association of British Insurers (ABI) said it expects the country’s insurers to “deal with a total of 105,000 claims, and pay out £130 million [$208 million] to policyholders whose homes, businesses and vehicles were damaged during last week’s St …
Uninsured British travelers who fall ill on their holiday this summer could face an average extra £900 [$1,376] holiday bill according to the Association of British Insurers. The ABI’s bulletin noted that “many travelers are under-estimating or ignoring the risk …
Anyone claiming whiplash injury should be required to undergo examination by an accredited medical expert under proposals being pushed by the Association of British Insurers (ABI). According to the organization, everyday 1,500 people claim whiplash injury. Reported whiplash has risen …
With one month to go until gender-neutral pricing becomes mandatory in the UK, the Association of British Insurers (ABI) stressed that “the insurance market will remain competitive despite the ruling and has published key consideration points for consumers set to …
