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The Latest Breaking News from ABI

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

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

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

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"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

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

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

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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

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

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

Evening Standard

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

The Guardian - UK

‘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.

Evening Standard

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’.

The Independent UK

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

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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

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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.

Tom’s Hardware

Arm PC market share won't rise above 13% in 2025 says ABI Research

Arm-based PCs won't enjoy a lot of momentum in 2025, according to a recently published report by ABI Research.

The Independent UK

Thousands more people ‘priced out of car insurance market over past year’

Citizens Advice said bold action must be taken, including targeted support for those struggling most.

The Independent UK

Record £4.1bn paid out in property claims this year so far – ABI

Flood prevention and resilience must be considered in all planning decisions and building standards, the Association of British Insurers said.

Evening Standard

Average cost of motor cover £50 higher than a year earlier

While insurance prices are higher on an annual basis, the average cost of cover has fallen when compared with the previous quarter.

Evening Standard

Home Office launches new charter in ‘crackdown’ on insurance fraud

It comes as fraudulent insurance claims detected by the Association of British Insurers (ABI) topped £1.1 billion in 2023.

The Independent UK

£1.1bn-worth of bogus insurance claims detected last year

More than half of detected bogus claims last year involved motor insurance, the Association of British Insurers said.

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