Association of British Insurers (ABI) - Company details

Motorists are increasingly putting their insurance cover at risk by cheating to get a better deal, the ABI (Association of British Insurers) has warned. Insurers are uncovering a growing number of cases of ‘front end fraud’, where the customer has lied or failed to disclose material information to get cheaper insurance.Common deceptions exposed include: ‘Fronting’ – where parents add their son or daughter to their motor insurance policy as an occasional named driver, when in fact ... read more

Insurance Fraud is costing Britain a small fortune according to insurers. The problem is that this fraud is being passed on to honest motorists and can cost up to £60 per policy. As the credit crunch continues, the ABI are claiming that people are trying to slash insurance premiums by declaring false information as a result. Simon Warsop, director of motor pricing at Norwich Union, said, “As the largest insurer in the UK we’re at the forefront of the fight against fraud for the ... read more

Thatcham’s contribution to making Britain’s roads safer has been recognised. The research centre has been presented with a Prince Michael International Road Safety Award for their commitment to whiplash research and the promotion of technologies aimed at reducing the number of accidents on the road. By receiving this award, Thatcham now join an elite list of domestic and international organisations whose efforts in improving road safety have been similarly acknowledged since the ... read more

Research published by the ABI (Association of British Insurers) has exposed for the first time the scale and the cost of the UK’s whiplash epidemic. Every day, nearly 1,200 people claim for whiplash following a motor collision. This figure has risen by a quarter in the last five years, and is six times the number of workplace injury claims made each year. To stem the tide, the ABI has joined forces with motoring and road safety groups to set out a programme for action. The ABI report, ... read more

HPI has reported that its insurance product Driveaway is continuing to go from strength to strength. Daihatsu and SsangYong are the latest major motor manufacturers to sign up to Driveaway. So what is it? The product allows dealers to offer comprehensive insurance to customers purchasing new and used vehicles for a seven-day period. Unlike similar product offerings, dealers act as “introducers” and therefore do not have to be FSA regulated to provide Driveaway. Provided in ... read more

Research published today, 14 November, by the Association of British Insurers (ABI) exposes for the first time the scale and the cost of the UK’s whiplash epidemic. Every day, nearly 1,200 people claim for whiplash following a motor collision. This figure has risen by a quarter in the last five years, and is six times the number of workplace injury claims made each year. To stem the tide, the ABI has joined forces with motoring and road safety groups to set out a programme for action. The ... read more

Euro NCAP has moved closer to its vision “for safer cars” with the release of details about the scoring behind the organisations new car safety rating. As reported Euro NCAP will implement a new rating scheduled for 2009. Vehicles tested by Euro NCAP from this date will undergo a much tougher and more comprehensive assessment. Euro NCAP has also revealed its high ambitions for manufacturers: without ESC, the achievement of five stars will no longer be possible. Euro NCAP’s new scheme ... read more

Chipped windscreens are a downside of motoring but if you live or work in the Hull area then you are more likely to get a chipped windscreen than anyone else in the UK. This research has come from a study of insurance claims from one of the UK’s leading automotive glazing services’ companies, which polled Britain’s top cities, it showed that Hull is where most drivers fall victim to chipped windscreens. In fact, drivers are nine times more likely to get a chip in Hull than ... read more

Tracker has launched its latest device to stop thieves getting hold of your fleet vehicles – the system is called TRACKER Echo. Not only does product track a stolen car in the UK and across Europe, it is also fitted with a driver validation solution to combat vehicle theft with the keys, an automatic monthly system check and a movement alert, amongst other benefits. Achieving the toughest new insurance industry security standard to date, Thatcham’s Category 5, TRACKER Echo will allow ... read more

Thatcham  has been contributing to improving vehicle safety and security since 1969 and was established by British insurers. The centre, funded by British insurers has received official European recognition from the vehicle safety organisation Euro NCAP, that Thatcham have been selected as the first official testing house for their forthcoming rear impact (whiplash) ratings programme. In a continued drive to provide as much additional safety information to consumers as possible, Euro NCAP ... read more

A little bit of magic has won the Merlin Professional Claims Services contract for Zenith. This means that Zenith Vehicle Contracts will fund and manage Merlin’s 100-strong car fleet. The fully-outsourced three-year contract will be on a contract hire basis and will include maintenance, accident, hire and risk management services. It also involves the sale and leaseback of 31 vehicles that the company currently owns. Zenith’s New Business Sales Director, Philip Jerome said: ... read more

Motor traders are facing a greater risk in this time of economic crisis as ruthless thieves are cashing in on valuable metals Insurance giant Norwich Union has warned. The warning comes as claims involving stolen catalytic converters have increased by 500% in the last year, (this figures were released under Norwich Union Claims Data 2008) with one dealership reporting 40 converters stolen on one occasion alone. And the problem could worsen, according to Barry Hogg, underwriting manager for ... read more

Fleet managers, directors and company owners are invalidating their business insurance policy, as well as putting their children at risk, by fronting, warns Norwich Union, part of Aviva. Fronting is an increasing problem in commercial motor insurance, where managers or directors use the business’s policy to insure a person not directly connected to the company. Mike Smith, commercial motor technical manager at Norwich Union, said: “From the claims we have come across, we have seen ... read more

The ABI Customer Impact Panel publishes its second Annual Report today (24 July 2008). The Panel is an independent group that has oversight of the Customer Impact Scheme, set up in 2006 to improve customer experiences of the life and pensions industry. This year there have been encouraging improvements in customers’ perceptions of the industry with over half (53%) of customers agreeing that the industry has an excellent reputation, compared with 48% last year. However, the Panel has made ... read more

Figures published by the ABI (Association of British Insurers) show that the number of companies taking out credit insurance increased by 10% during 2007. This is the third consecutive year that the market has grown, with a 40% rise since 2004. This shows that more companies are relying on trade credit insurance to help them navigate risk and protect them during an economic slowdown. Nick Starling, the ABI’s Director of General Insurance, said: “It is positive news that there is a greater ... read more