Association of British Insurers

The Association of British Insurers is the leading trade association for insurers and providers of long term savings. Our 250 members include most household names and specialist providers who contribute £12bn in taxes and manage investments of £1.6trillion. The ABI’s role is to: • Be the voice of the UK insurance industry, leading debate and speaking up for insurers. • Represent the UK insurance industry to government, regulators and policy makers in the UK, EU and internationally, driving effective public policy and regulation. • Advocate high standards of customer service within the industry and provide useful information to the public about insurance.

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YOUNG DRIVERS ‘SPEND 10 PER CENT OF THEIR EARNINGS ON CAR INSURANCE’

Association of British Insurers | February 06, 2018

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Young drivers are spending 10 per cent of their annual salary on car insurance, according to new research. Data collected by the Association of British Insurers (ABI) found that motorists aged between 18 and 21 were paying huge sums more than those of different ages – an average of £973 for comprehensive cover, equating to 10 per cent of their average salary. The average amount across all other drivers was found to be just two per cent of their salary, with those aged 50 to 59 ...

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UK INSURERS WANT TO HIT THE BRAKES ON CARMAKERS' USE OF WORD "AUTONOMOUS"

Association of British Insurers | June 12, 2018

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For anyone thinking automated driving has arrived, sorry but the UK insurance industry believes otherwise and wants carmakers to let the driving public know that. The Association of British Insurers (ABI) and Thatcham Research have today issued a warning against the use of the word “autonomous” by carmakers calling for crystal clear marketing and literature so as not to give drivers a false sense of security....

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BT TAPS INSURANCE VETERAN FOR PENSION SCHEME

Association of British Insurers | November 26, 2018

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Industry veteran Otto Thoresen, whose more than 35 years of experience includes time spent as director general of the Association of British Insurers, now has another role to add to his list of credentials. Effective February 15 next year, Thoresen will serve as chair and trustee director of the BT Pension Scheme (BTPS) one of the largest company pension schemes in the UK, with assets under management of around £51 billion and approximately 292,000 members....

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UK INSURANCE BODY SLAMS EU NO-DEAL CONTINGENCY PLAN

Association of British Insurers | December 20, 2018

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Yesterday, a hundred days before the UK bids the European Union goodbye, the latter’s executive body rolled out its no-deal contingency action plan. It includes measures for areas such as financial services, air transport, and customs. The Association of British Insurers (ABI), however, is not too pleased with the approach when it comes to insurance contracts....

Read More
news image

YOUNG DRIVERS ‘SPEND 10 PER CENT OF THEIR EARNINGS ON CAR INSURANCE’

Association of British Insurers | February 06, 2018

Young drivers are spending 10 per cent of their annual salary on car insurance, according to new research. Data collected by the Association of British Insurers (ABI) found that motorists aged between 18 and 21 were paying huge sums more than those of different ages – an average of £973 for comprehensive cover, equating to 10 per cent of their average salary. The average amount across all other drivers was found to be just two per cent of their salary, with those aged 50 to 59 ...

Read More
news image

UK INSURERS WANT TO HIT THE BRAKES ON CARMAKERS' USE OF WORD "AUTONOMOUS"

Association of British Insurers | June 12, 2018

For anyone thinking automated driving has arrived, sorry but the UK insurance industry believes otherwise and wants carmakers to let the driving public know that. The Association of British Insurers (ABI) and Thatcham Research have today issued a warning against the use of the word “autonomous” by carmakers calling for crystal clear marketing and literature so as not to give drivers a false sense of security....

Read More
news image

BT TAPS INSURANCE VETERAN FOR PENSION SCHEME

Association of British Insurers | November 26, 2018

Industry veteran Otto Thoresen, whose more than 35 years of experience includes time spent as director general of the Association of British Insurers, now has another role to add to his list of credentials. Effective February 15 next year, Thoresen will serve as chair and trustee director of the BT Pension Scheme (BTPS) one of the largest company pension schemes in the UK, with assets under management of around £51 billion and approximately 292,000 members....

Read More
news image

UK INSURANCE BODY SLAMS EU NO-DEAL CONTINGENCY PLAN

Association of British Insurers | December 20, 2018

Yesterday, a hundred days before the UK bids the European Union goodbye, the latter’s executive body rolled out its no-deal contingency action plan. It includes measures for areas such as financial services, air transport, and customs. The Association of British Insurers (ABI), however, is not too pleased with the approach when it comes to insurance contracts....

Read More