All ABI articles – Page 5
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NewsLack of socio-economic diversity threatening inclusion efforts in insurance, say experts
Workers in the insurance industry from the lowest socio-economic backgrounds progress 25% slower than their colleagues, says chair
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NewsABI creates blueprint for DEI future
The UK’s major insurers and reinsurers also contributed to the new strategy document via the ABI’s DEI board sub group
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NewsIFED makes seven arrests in latest fraud clampdown
The department anticipates that fraud is likely to increase due to the cost of living crisis and resumed foreign travel
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NewsABI director James Dalton to join Motor Insurers’ Bureau executive team
The MIB’s raft of senior leadership changes are part of the organisation’s drive to increase its benefit to the industry and its partners
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AnalysisThe Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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NewsInsurance industry mourns death of ‘inspirational’ Queen Elizabeth II
The insurance sector is in mourning following the death of Queen Elizabeth II yesterday (8 September 2022) aged 96. She reigned for 70 years and 214 days and remains Britain’s longest standing monarch, having been catapulted to the throne on 2 June 1953 when she was aged 25, following the ...
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AnalysisCost of living crisis drives greater fraud volume and frequency from non-traditional sources
Counter fraud experts explained that difficult economic conditions are leading to increased levels of fraud from non-traditional perpetrators, necessitating a rethink of existing anti-fraud models
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AnalysisBriefing: Insurance industry must adopt signposting to support UK’s ageing population
With people living longer and retiring later in life, insurers must be flexible with their travel insurance policies to ensure that consumers are not left without cover
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NewsIndustry fraud crackdown sees dishonest claims fall in number and cost – ABI
With the cost of living crisis potentially triggering a fraud epidemic, one industry leader is calling for the Insurance Fraud Taskforce (IFT) to reconvene
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NewsAverage annual motor insurance premium up by £5 in Q2 2022 – ABI
Motor insurers are facing cost pressures, but they remain committed to keeping cover as ’competitively priced as possible’, says general insurance manager
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AnalysisWhat does an effective response to the threat of systemic risks look like?
The public expects ’insurers to lean into the challenges posed’ by systemic risks and work to develop solutions, says ABI’s director of GI policy
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NewsUK government publishes Financial Services and Markets Bill
The tabled bill represents ‘the beginning of the development of a new UK regulatory regime’, paves the way for Solvency II reform and furnishes the FCA with new regulatory powers
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NewsPublic expects insurers to ‘lean into’ the challenges posed by systemic risks – James Dalton
The sector must ‘think carefully’ about how it can best respond to these types of risks, however
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NewsAre brokers prepared for the push to net zero? – BrokerFest 2022
A change in insurers’ risk acceptance factors should make brokers rethink their clients in high emissions sectors, says chief underwriting officer
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NewsAddressing the climate crisis requires standards that ‘work globally’ – KPMG partner
The rationalisation and consolidation of existing frameworks, however, is a positive step
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NewsPanellists to urge brokers to examine ESG credentials more closely at BrokerFest 2022
Expert panel prepares to talk through insurance sector’s role in the UK’s route to net zero at industry-leading conference
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NewsInsurance industry must play ‘a fundamental role’ in the transition to net zero, says Prince of Wales
The role the insurance sector must play has ‘never been greater’, says ABI director general
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AnalysisProperty disrepair claims fraud is beginning to look like ‘the new PPI’
Industry experts have noticed a worrying increase in claims farming from CMCs in the property disrepair arena
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News‘Lots of uncertainty’ remains over OIC portal – Admiral
Some ramifications of the portal are clear, but more time is needed to fully understand others
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NewsWhiplash reforms have ‘dampened a rise in claims’ – MoJ’s David Parkin
Plus, the Official Injury Claim portal has not been ‘swamped by CMCs’ as predicted, says deputy director
