Association of British Insurers (ABI)
Website
: http://www.abi.org.uk
Overview
The ABI describes itself as 'the voice of insurance', representing the
general insurance, investment and long-term savings industry. It was
formed in 1985 and today has over 300 members, accounting for 90% of
premiums in the UK.
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.
The ABI’s policy work is organised around four main departments:
General Insurance; Life and Pensions; Financial Regulation and Taxation
and Investment Affairs. In addition, the ABI has an expert Research and
Statistics Department, and represents the insurance industry to
external audiences through its Media and Political Affairs and European
and International teams.
The ABI arranges numerous educational events, undertakes its own
research and provides industry policy documents.
They were formed in 1985 from several existing representative bodies.
The ABI is funded by the subscriptions of member companies.
Fraud
They have been taking an increasingly prominent role in anti-fraud
measures which includes the setting up of the London-based Insurance
Fraud Unit and a new insurance cheats database.
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