All the updated news related to association of british insurers

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Personal Finance

Average price paid for motor insurance climbs amid rising costs for insurers

The average annual price paid for motor insurance increased by £5 in the second quarter of this year, according to an industry body. The Association of British Insurers (ABI) said the typical price for private motor insurance has increased to £419 – ...

08 Aug 2022 at 01:01

Personal Finance

Payouts for bereavement, illness and injury claims reach £18.6m per day

Around £18.6 million was paid out per day last year typically for bereavement, illness, and injury claims, industry figures reveal. A record £6.8 billion was paid out in individual and group life insurance, income protection and critical illness ...

21 May 2022 at 01:01

Personal Finance

Pet insurers process record number of claims in 2021

Pet insurers processed a record 1.03 million claims last year, according to industry figures. The total included 764,000 claims for dogs and 225,000 claims for cats. The increase reflects veterinary practices being able to open their doors to ...

24 May 2022 at 01:01

Personal Finance

Drivers urged to ‘read the small print’ for insurance exclusions

Motorists risk being left with an unexpected and hefty bill if they do not check their insurance small print for “loopholes”, Which? has warned. The consumer group, which analysed 49 policies from insurers, said it had found some gaps in ...

23 Feb 2022 at 01:25

Personal Finance

‘Four in 10 people not confident using numbers in their everyday lives’

Four in 10 (40%) people do not feel confident about using numbers in their everyday lives, a survey has found. And one in five (20%) would avoid jobs that involve using numbers often, according to the research published by the ...

22 Feb 2022 at 01:25

Personal Finance

Motorists paying ‘ethnicity penalty’ for car insurance, says Citizens Advice

A “shocking trend” of people from ethnic minority backgrounds paying hundreds of pounds a year more for their car insurance than white people has been highlighted by Citizens Advice. As part of a year-long investigation, the ...

22 Mar 2022 at 01:25

Personal Finance

Average premiums for home insurance drop to lowest level in four years

Average home insurance costs have dropped over the past year, according to the Association of British Insurers (ABI). The price fall may give a bit of relief to households who are grappling with the soaring costs of many ...

12 May 2022 at 01:25

Personal Finance

New campaign will help bring retirement savings into everyday conversations

Millions of savers will be helped to get to know their pensions better – and perhaps build a bigger retirement pot – with a new awareness campaign launching later this year. Only one in five (20%) people feels confident ...

05 Apr 2022 at 12:25

Personal Finance

Robust regulations needed around e-scooters, say insurance bodies

Robust regulations and enforcement are needed around the use of e-scooters, according to insurance industry bodies. They said Government figures show that in the year ending June 2021 there were 882 accidents involving ...

31 Mar 2022 at 01:25

City

Pensions dashboards should have interactive features, says ABI

Pensions dashboards should have interactive features to meet younger people’s digital needs, according to the Association of British Insurers (ABI). The ABI commissioned research which found that seven in 10 working ...

19 Jan 2022 at 01:26

Personal Finance

Average insurance premium paid by motorists increases

The average premium paid by customers for private motor insurance in the third quarter of this year was 2% higher than a year earlier, as vehicle repair costs increased, according to an insurance industry body. ...

02 Dec 2022 at 01:01

Personal Finance

Motor insurance price falls to lowest level since 2015

The amount paid by motorists for insurance fell to its lowest level in more than six years in the first quarter of 2022, according to the Association of British Insurers (ABI). Prices for new policies have ...

05 May 2022 at 01:25

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