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The Latest Breaking News from ABI

Car insurance premiums stable as vehicle repair costs rise

Sustained high costs of repairs ‘continue to be a concern’, the Association of British Insurers said.

The Independent UK

Motor premiums are holding steady but repair costs are rising, says ABI

Sustained high costs of repairs ‘continue to be a concern’, the Association of British Insurers said.

Evening Standard

More than 35,000 households helped by flood insurance directory since launch

The flood insurance directory was launched in February 2022 to help households in flood-prone areas to access suitable insurance.

Evening Standard

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Pensioners looking for retirement annuity ‘could see rates boosted’

Moneyfactscompare.co.uk said that rising gilt yields could push annuity rates up.

Evening Standard

Insurance industry has more to do to gain people’s trust, ABI boss tells MPs

The Treasury Committee held an evidence session into financial inclusion with representatives from the insurance and banking sectors.

Evening Standard

Record £6.1bn paid out in property claims in 2025 amid extreme weather – ABI

Across the year, insurers paid out £1.2 billion in weather‑related property claims, the Association of British Insurers said.

Evening Standard

Why sales of pension annuities are on the rise

The Association of British Insurers indicated that the total value of premiums paid into individual pension annuities reached £7.4 billion in 2025

The Independent UK

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Jump in sales of pension annuities valued at over £250,000 and £500,000

The higher value of premiums has gone alongside a rise in over-70s buying a regular income with annuities, the Association of British Insurers said.

Evening Standard

Record £4bn in claims processed by health insurers in 2024 – ABI

The figures highlight the value of workplace health insurance schemes in supporting employees to stay well and in work, the ABI said.

Evening Standard

"Don't Waste Your Money on This" — This Is Where Designers Suggest You Should Spend, and Save, When You're Planning Your 2026 Kitchen Project If You're Trying to Control the Budget

Planning your kitchen for the New Year? Here’s your guide to where’s best to invest and the elements you can easily save on without compromising on style and finish

Livingetc

Record £4.6bn in property insurance payouts made this year, figures show

Bad weather accounted for around a fifth of the value of property claims, the Association of British Insurers said.

Evening Standard

How salary sacrifice schemes changes in Rachel Reeves’ Budget will affect you

Many people are already thought to be heading for a tough retirement financially

The Independent UK

What are salary sacrifice schemes and how do they work?

Speculation has mounted in recent days that salary sacrifice schemes for pensions could be curbed in the Budget.

Evening Standard

More than £1.1bn of fraudulent general insurance claims detected in 2024 – ABI

Insurers uncovered over 98,400 fraud-related claims in 2024, a 12% rise from 88,100 in 2023, according to the ABI’s figures.

Evening Standard

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Evening Standard

23% annual jump in people using insurer-provided health services – ABI

Customers accessed such services 10.3 million times in 2023, figures showed.

The Guardian - UK

Insurers calling for trees to be felled as cheap fix for subsidence, say critics

Campaigners say problem so common that some of the UK’s most irreplaceable ancient trees in danger of being lost

Evening Standard

‘Relief’ for motorists as average cost of insurance has fallen by £60 annually

For the period April to June 2025, the average premium was £562, compared with £622 a year earlier, the ABI said.

Evening Standard

Climate change is significantly increasing subsidence risks in UK, says ABI

Over the first six months of the year, insurers supported nearly 9,000 households in recovering from subsidence damage, the ABI said.

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The Independent UK

Storms and heavy rainfall driving up property insurance payouts – ABI

The Association of British Insurers said its figures ‘underscore the growing impact of adverse weather on communities across the UK’.

Evening Standard

Record £1.23bn paid out in pet insurance claims in 2024, says ABI

The Association of British Insurers said that members received around 4,900 claims on pet insurance policies per day typically last year.

Evening Standard

Claims for weather-related damage to homes and possessions hit record £226m

The ABI said it is the first time that quarterly claims for weather-related damage have topped £200 million.

Evening Standard

Is your bathroom missing a thermostatic shower mixer? ABI Interiors' will redefine your bathroom game

Too hot? Too cold? These mixers keep the water temperature just right

Evening Standard

Record £11.7bn paid in motor claims in 2024 says Association of British Insurers

The average cost of motor cover across 2024 was £622 – 15%, or £78, higher than 2023.

The Guardian - UK

UK insurers paid out record £585m last year as climate breakdown intensifies

Insurers blame ‘significant and consistent bad weather’ after year of 12 named storms

Evening Standard

Storms and flooding took record toll on insurance claims in 2024 – ABI

The Association of British Insurers said it has ‘long stressed’ the need for further investment in flood defence and maintenance.

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