All the updated news related to association of british insurers

All the news related to association of british insurers updated in real time

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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 cover for ...

23 Feb 2022 at 01:25

Personal Finance

Workplace pensions action plan needed for next decade, says ABI

Minimum contributions into workplace pensions should be gradually increased over the next decade and access to schemes should be widened, a body representing insurers has urged. Automatic enrolment into workplace pensions started nearly 10 years ...

21 Jun 2022 at 15:04

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

Hanging on the telephone: Long call waiting times ‘are top frustration’

Being kept waiting on the telephone is the top frustration for customers when dealing with businesses and other organisations, according to a survey commissioned by the Association of British Insurers (ABI). Automated call options were the ...

21 Feb 2023 at 00:01

Personal Finance

Insurance industry bosses push back at perceptions of ‘profiteering’

Insurance industry representatives have pushed back at perceptions that firms are “profiteering” during the cost-of-living crisis. Bosses appeared before MPs sitting on the Treasury Committee to answer questions about rising premiums. ...

07 Jun 2023 at 15:26

Personal Finance

Average cost of motor cover £50 higher than a year earlier

The average price paid for an annual motor insurance policy was £50 higher between July and September than a year earlier, but the pace of price rises is slowing, according to figures from the Association of British Insurers. The ...

12 Nov 2024 at 11:26

Personal Finance

Christmas shoppers warned to be on their guard against thieves

Shoppers are being warned not to let thieves ruin their Christmas, with the average domestic burglary claim over the festive season last year standing at more than £3,000. According to the Association of British Insurers (ABI), ...

11 Dec 2023 at 10:40

Personal Finance

Shrinking proportion of comprehensive cover policies ‘fully cover windscreens’

Motorists are being warned to check the small print in their insurance policies, after research found that a shrinking proportion of “comprehensive” deals fully cover replacement windscreens. Defaqto, which maintains a ...

11 Mar 2024 at 15:01

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 ...

08 Aug 2022 at 01:01

Personal Finance

Average price paid for motor insurance has jumped by 16% in a year – ABI

The average price paid for motor insurance jumped by 16% annually in the first quarter of this year, as rising costs have become increasingly challenging for insurers to absorb, according to the Association of ...

11 May 2023 at 00:01

City

Repair and supply issues putting pressure on price of motor insurance, says ABI

The average price paid for motor insurance fell to a six-year low in 2021, but cost pressures on the industry are starting to bite, according to the Association of British Insurers (ABI). The average price ...

05 Feb 2022 at 01:25

Personal Finance

Average price paid for motor insurance jumps by a third in a year

The average price paid for comprehensive motor insurance was around a third (33%) or £157 higher in the first quarter of this year than a year earlier, according to figures from the Association of British ...

29 Apr 2024 at 00:01

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