ABI

Julian Adams, director of public policy and regulation at M&G plc (the holding company of the Prudential Assurance Company) has been appointed deputy chair of the Association of British Insurers (ABI). Adams will now serve alongside chair Jon Dye until the summer of 2020. He…

The lengths insurance cheats will go to try to con their insurer are laid bare as the Association of British Insurers (ABI) publishes its annual detected fraud figures. At 460,000, the total number of fraudulent claims and applications detected in 2018 rose by 3% on…

The Association of British Insurers (ABI) has, for the first time, revealed that 99% of claims made (207) on ABI member cyber insurance policies in 2018 were paid*. This is one of the highest claims acceptance rates across all insurance products. Despite this, the take-up…

The Association of British Insurers (ABI) has just issued valuable updated guidance notes to help insurers treat those individual clients with criminal convictions or related offences fairly, in compliance with the law and with high-level standards. The ABI Good Practice Guide entitled ‘Insurers’ Approach to…

The latest figures issued by the Association of British Insurers (ABI) outline that ‘escape of water’-focused insurance claims pertaining to commercial and domestic property are costing insurers no less than £2.5 million every day. Across a four-year period, this equates to a total pay-out that…

While addressing a room full of Government officials, peers and industry leaders alongside Baroness Neville-Jones (former chair of the Joint Intelligence Committee), James Dalton, the director of general insurance policy at the Association of British Insurers (ABI), has stepped up the ABI’s calls for access…

The City of London Police’s Insurance Fraud Enforcement Department (IFED), which has now secured 239 years in custodial sentences, is celebrating its seven-year anniversary this month. Since its inception back in 2012, the IFED has convicted 433 insurance fraudsters leading to 239 years in custodial sentences,…

The Association of British Insurers’ (ABI) most comprehensive analysis yet of insurance fraud highlights that a fraud of this nature is now detected in the UK every minute. For the first time, the ABI’s annual detected fraud figures include data on application fraud, where details…

A man who claimed he had suffered an injury at a shop, but was recorded on CCTV deliberately falling to the floor and pulling boxes on top of himself was among those targeted by the City of London Police’s Insurance Fraud Enforcement Department (IFED) in…

The Association of British Insurers (ABI) is calling for sprinklers to be made a legal requirement in all new warehouses over 2,000 m2 in area as average payouts for commercial fires break the £25,000 barrier for the first time. Guidance from the Department for Communities and…