ABI News

UK Moratorium on Use of Genetic Testing Extended to 2017 Says ABI

The Association of British Insurers (ABI) announced that the long-standing Concordat and Moratorium on Genetics, agreed with the Department of Health, has been extended to 2017. Nick Starling, the ABI’s Director of General Insurance and Health, commented “The Concordat and …

UK Insurers Support Corporate Tax Reduction; Budget for Growth

The UK government’s recently proposed budget contain a number of measures aimed at helping UK firms to increase their business, and to make them more competitive. As the UK’s insurance industry is one of the country’s most successful sectors, it …

ABI Selects Thoresen as New Director General

The Association of British Insurers has appointed Otto Thoresen as its new Director General, effective on April 4. Thoresen is currently the Chief Executive of Aegon UK and a member of the Board of Management of AEGON N.V. He was …

ABI Describes EU Court’s Ban on Gender Use as ‘Disappointing’

“The decision by the European Court of Justice (ECJ) to ban the use of gender in insurance policies from December 2012 is disappointing news,” states a bulletin from the Association of British Insurers (ABI). The UK’s insurance industry “has fought …

UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment

The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers. They are far reaching, and will require changes in the way the UK’s insurance industry is regulated. As a result …

Lloyd’s Warns of Increases in Fraudulent Claims

Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money …