Association Of British Insurers

ABI members paid out a record £4.6 billion in property insurance claims during the first nine months of the year, helping thousands of homeowners and businesses to recover from unwanted and unexpected events. Claims payouts for the year so far are £155 million (3%) higher compared to the

The Association of British Insurers (ABI) has stressed that the fight against fraud must continue as its annual detected fraud data reveals that £1.16 billion worth of fraudulent general insurance claims were identified in 2024 – a 2% increase on the £1.14bn detected the previous y

The Association of British Insurers (ABI) has called for cyber insurance to become a part of every organisation’s modern risk management strategy, as its latest figures show £197 million was paid out to help businesses recover from cyber incidents in 2024. Data from firms participating i

Cracking down on insurance fraud remains a top priority for the industry as its latest figures reveal £1.1 billion worth of fraudulent claims were detected last year, up 4% on 2022, according to the Association of British Insurers (ABI). Insurers identified 84,400 fraudulent claims in 2023, 11

The Association of British Insurers (ABI) is urging the Chancellor to freeze the rate of Insurance Premium Tax (IPT) in the Autumn Statement on 17th November. As hard-pressed families, businesses and charities battle the rising cost of living, a hike in IPT could lead to people cutting back on insur

The average fraudulent insurance claim has risen by 6% since 2019, with figures reaching £12,000, according to the latest figures published by the Association of British Insurers (ABI). According to the figures, the number of detected fraudulent claims fell to 96,000 down 10% on 2019 to the lo

The number of motor insurance claims settled by insurers in 2020 fell by 19% according to figures published today by the Association of British Insurers (ABI).

The latest figures from the Association of British Insurers (ABI) have revealed that the number of people accessing their pension as a flexible income has increased by 56% between April and September this year. However, withdrawals of all types still remain below 2019 levels.

The Association of British Insurers (ABI) has launched Mental Health Standards to provide better support for customers with mental health conditions when applying for health, travel or protection insurance. Customers can often face too many barriers when trying to access the service sector, especial

UK Government proposals to reform the calculation of the Retail Index Price (RPI) could cost £122 billion if plans go ahead to implement the changes in 2025, the Association of British Insurers (ABI) has found. It would affect savers, especially those with defined benefit pensions, as wel

Pensioners have resisted the temptation to access their pension pots during lockdown, according to new data from the Association of British Insurers (ABI).

The lowest earners in Britain are missing out on vital tax relief despite more saving for retirement, according to a new report commissioned by the Association of British Insurers (ABI).

The Association of British Insurers (ABI) has welcomed the UK Government's announcement of a temporary, government-backed reinsurance scheme to help businesses access trade credit insurance as they recover from the impacts of the coronavirus pandemic. The scheme aims to help speed up the economic re

The Association of British Insurers (ABI) has welcomed today’s government announcement that it intends to develop a government-backed temporary reinsurance scheme to help businesses recover from the impacts of coronavirus. The scheme could help speed up the economic recovery, ensuring the cont

It is estimated that there are around 1.6 million pension pots worth £19.4 billion unclaimed because homeowners rarely contact their pension providers when they move home, according to the latest research commissioned by the Association of British Insurers (ABI).