NEWS | 🎥 Today we’re pleased to share our new film “The Power of Pensions” which explains some of the varied ways in which insurers and pensions providers are helping the UK grow and tackle climate change. Communicating the vital role of our industry in the provision of green and good infrastructure across the UK is a key part of the work undertaken by our Investment Delivery Forum. Our industry is a major investor in large-scale infrastructure projects and there are significant green initiatives already underway which are crucial to meet net zero targets. From the construction of affordable homes, to energy generation, and energy networks - our industry in collaboration with the UK’s governments is supporting homes, businesses and communities across the UK. Watch the journey of the two robins below to find out more. #AssociationofBritishInsurers #Insurance #LongTermSavings #InvestmentDeliveryForum
Association of British Insurers
Insurance
Together, driving change to protect & build a thriving society.
About us
The ABI is the voice of the UK’s world-leading insurance and long-term savings industry, which is the largest sector in Europe and the third largest in the world. We represent more than 300 firms within our membership, including most household names and specialist providers, providing peace of mind to customers across the UK. We are a purpose-led organisation: Together, driving change to protect and build a thriving society. On behalf of our members, we work closely with the UK’s governments, HM Treasury, regulators, consumer organisations and NGOs, to help ensure that our industry is trusted by customers, is invested in people and planet, and can drive growth and innovation through an effective market. A productive and inclusive sector, our industry supports towns and cities in building a balanced and innovative economy, employing over 300,000 individuals in high-skilled, lifelong careers, two-thirds of whom are outside of London. Our members manage investments of £1.5 trillion, pay over £17.2 billion in taxes to the Government and support the UK's communities and businesses. 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. • Promote the benefits of insurance to the government, regulators, policy makers and the public.
- Website
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http://www.abi.org.uk
External link for Association of British Insurers
- Industry
- Insurance
- Company size
- 51-200 employees
- Headquarters
- London
- Type
- Nonprofit
- Founded
- 1985
Locations
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Primary
One America Square
17 Crosswall
London, EC3N 2LB, GB
Employees at Association of British Insurers
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Alex Perry
CEO, Bupa Insurance
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Cristina Nestares
Economist and lawyer. Expert in analytics, big data, digital and financial and operational risks. CEO Admiral UK Insurance. Deputy President ABI. Non…
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Xavier Solano i Bello
Manager, Prudential Regulation at Association of British Insurers
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Greg Lawson
Head of Travel Insurance at Collinson
Updates
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#AmazingAMs Did you know that as well as our insurance and long-term savings members, we also have an Associate Membership? These are organisations who work closely with our members but aren't insurers or long-term savings providers. We want to celebrate our brilliant range of Associate Members, from our Core Associates to our Associate Partners and will be highlighting their work over the coming weeks. 🎉 We're kicking off with Carpenters Group's Sean Harris who is Head of Defendant and Large Loss Services. He tells us about the benefits the company get from being an Associate Partner and, most importantly, why he loves his job. #AssociationofBritishInsurers #Insurance #LongTermSavings #MembershipOrganisation #TradeAssocation
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EVENT | Insurance Tax Convention 2024 We have over 30 speakers confirmed for #ABITax24, including Elizabeth Armstrong Tax Partner, EY, Justin L., Partner, KPMG UK, Mark Costa, Tax Technology Director, PwC, and Varinder Allen, Director, Employment Tax (Pensions), Deloitte. It's set to be a fantastic two-day event so don't miss out, secure your place at today - https://lnkd.in/eSJdmnE8 #AssociationofBritishInsurers #Insurance #LongTermSavings #InsuranceTax #IPT
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NEW EVENT | Cyber Conference 2025 - early bird tickets available An exciting new offering in our events line-up, #ABICyber will be dedicated to exploring the growing impact of cyber risks on the insurance industry. This conference, held at Institution of Engineering and Technology (IET) London: Savoy Place, will delve into the challenges and opportunities presented by cyber threats, both in terms of the industry’s vulnerability to cyber attacks and its role in mitigating cyber risks for businesses, individuals, and society at large. Book your place now and enjoy 25% off ticket prices until 12 September. https://lnkd.in/eXW6pjgA #AssociationofBritishInsurers #Insurance #LongTermSavings #CyberRisk #CyberInsurance
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NEWS | Motor premiums fall for the first time in two years The average motor insurance premium fell by 2% in April to June compared to the first quarter of 2024, according to our latest data. Pressures on claims costs also appear to have eased this quarter, with the average claim paid remaining stable (+0.4%) after an 8% rise in Q1. However, over the longer term, insurers continue to face high cost pressures. Our latest claims data shows over the last 12 months: - In total, insurers paid out £2.9 billion in motor insurance claims – up 18% on £2.5 billion paid in Q2 2023. - Repair costs are 28% higher, totalling £1.9 billion. - The average cost of theft of a vehicle fell 10% to £12.1k. However, the average cost of theft from a vehicle hit a record high of £3.1k. Mervyn Skeet, Director of General Insurance Policy, said; 'After a very challenging period for insurers and customers alike, we’re encouraged to see an easing of increases to motor insurance premiums as recent claims costs stabilise. While this is good news, we need to continue our work focusing on claims costs, for the good of consumers. It remains a top priority for us and our member insurers.' Read our latest press release - https://lnkd.in/e3HKNQKS #AssociationofBritishInsurers #Insurance #LongTermSavings #MotorPremiums #MotorInsurance #CarInsurance
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FREE EVENT | Together, Building a More Resilient Workforce We're proud to announce two fantastic keynote speakers for #ABIHealth on 15 October: Dame Carol Black, Chair, The British Library, and Tina Woods, Founder and CEO, Business for Health cic. Don't miss the opportunity to hear from both of them. Book your free place today - https://lnkd.in/eHnUGuwC #AssociationofBritishInsurers #Insurance #LongTermSavings #HealthandWellbeing #HealthInsurance
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#TheFeelingsMutual Over the coming weeks, we'll be shining a light on our Mutual members, the work they do, and their brilliant teams. Alak Sharma, FCA is Director of Risk and Compliance at Cirencester Friendly Society Limited, where she's been for nearly three years. One of the elements she loves most about her job are her colleagues, 'Everyone at Cirencester Friendly is passionate about doing the right thing for our Members which often makes my role easy to carry out!' When it comes to the importance of Mutuals, Alak explains that they are '...key contributors to the UK economy in terms of both GDP and being major employers in the UK. This different way of doing things, always with the Member in mind, offers a positive contribution to society.' #AssociationofBritishInsurers #Insurance #LongTermSavings #Mutuals #CirencesterFriendly
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ANNUAL CONFERENCE 2025 | Early bird tickets now on sale 🎫 Our flagship Annual Conference will be returning on Thursday 27 February 2025 and we are delighted to announce that Early Bird tickets are now available to purchase until 30 August. We are heading back to The QEII Centre in the heart of Westminster. Join us to hear from key decision makers discussing issues affecting the insurance and long-term savings industry. Book your early bird ticket today - https://lnkd.in/eHKgMRbT #AssociationofBritishInsurers #Insurance #LongTermSavings #ABIConf25
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BLOG | Happy Birthday, Consumer Duty! 🎈 The Duty is one year old today. What has the first year of Consumer Duty brought for the insurance and long-term savings industry and, of course, most importantly, for consumers? Find out in Charlotte Wightwick's latest blog - https://lnkd.in/deiVYhdK #AssociationofBritishInsurers #Insurance #LongTermSavings #ConsumerDuty
Consumer Duty – One Year On | ABI
abi.org.uk
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EVENT | Pensions Investment: Where Next? We're delighted that Nike Trost, Head of Asset Management and Pensions Policy, Financial Conduct Authority, will be a keynote speaker at #ABILTS. Book today - https://lnkd.in/ecBBDbnF #AssociationofBritishInsurers #Insurance #LongTermSavings #pensions