Association of British Insurers

ABI reacts to the King's Speech. “The King’s Speech sets out a clear and important agenda for the UK’s future, and the introduction of the Enhancing Financial Services Bill is a significant step towards strengthening the UK’s competitiveness and long‑term economic stability. Modernising regulation will be crucial to ensuring financial services continues to be a driving force for economic growth.

In this webinar, Grant Thornton experts will explore the FCA’s increased focus on outsourced claims handling and explain what motor, home and travel insurers need to do to meet Consumer Duty expectations. We’ll examine risks in outsourced and delegated models, effective governance and MI, and the cultural factors that shape customer outcomes. The session also includes practical guidance on cash settlements, storm claims and motor total loss valuations.

The ABI welcomes four new appointments to its Board. Laura Mason, CEO, Retail, L&G is confirmed as a Board member after the firm joined ABI membership earlier this year. Chris Rash, CEO, AIG UK, Dominic Veney, Interim CEO, Pension Insurance Corporation and Richard Washington, CEO, Bupa UK Insurance have been appointed to take existing seats.

The ABI’s latest data shows home insurers paid out £846 million in property claims across the first quarter of 2026, helping thousands recover from unexpected events. Across the board, the average household claim was £6,340. This is the highest on record and is up 20% compared to the same period last year, highlighting just how vital this product is to protect homeowners from unforeseen events.

The ABI’s latest data shows the average motor premium remained stable in Q1 2026, but the cost of repairs increased.1 The average premium held steady at £560, a marginal £1 (0.2%) increase on Q4 2025 but still £20 lower than Q1 2025, or £38 lower when adjusted for inflation.2 Of the £2.9 billion insurers paid out in claims in the first quarter of this year, £1.9 billion was for vehicle repairs, up 3% on Q4 2025.

In response to the passing of the government's landmark Pension Schemes Bill, Dr Yvonne Braun, Director of Long-Term Savings Policy at the ABI said: “We’ve long said that the Pension Schemes Bill sets a new direction for UK pensions and we strongly support the overall package. The Bill’s ambitious reforms will help improve people’s retirement by driving a focus on value, making pensions easier to manage, and supporting long-term economic growth.

Free members-only event. Please note: All members must be logged into their ABI member account to be able to book a place. If you are an ABI member but have not yet registered for an account yet, please see here. As part of The ABI’s Young Professionals event series, this session is designed for those who are new to the insurance and long‑term savings industry. This includes but is not limited to interns, graduates and apprentices looking to build confidence, connections and early‑career skills.

As the Pensions Schemes Bill continues its passage through Parliament, ABI has outlined the importance of the bill passing in this parliamentary session. Dr Yvonne Braun, Director of Long-Term Savings at the ABI, said: "This landmark bill delivers important reforms to the pensions system, many of which the ABI has long called for.

The FCA and PRA published policy statements outlining changes to the Senior Manager & Certification Regime (SM&CR), alongside HM Treasury's consultation response. In response, David Otudeko, Director of Regulation at the ABI commented: "The FCA and PRA’s Senior Managers & Certification Regime (SM&CR) policy statements mark a welcome step towards reducing operational complexity while maintaining robust standards of individual accountability.

When: 27 April 2026, 09:30 to 11:00 Where: Browne Jacobson Office, 15th Floor, 6 Bevis Marks, London, EC3A 7BA, 15th Floor, 6 Bevis Marks, London, EC3A 7BA This event is a member-only event and is included within your membership. Please note: All members must be logged into their ABI member account to be able to book this event. If you are an ABI member but have not yet registered for an account, please see here.