World Library  
Flag as Inappropriate
Email this Article
 

Association of British Insurers

Association of British Insurers
Abbreviation ABI
Formation 1985
Legal status Non-profit company
Purpose Insurance industry in the UK
Headquarters 51 Gresham Street, City of London, EC2V 7HQ
Region served
United Kingdom
Membership
250+ UK insurance companies
Director General
Huw Evans
Main organ
ABI Board (Chairman - Paul Evans, Group Chief Executive of AXA UK)
Staff
100
Website ABI

The Association of British Insurers or ABI is a trade association made up of insurance companies in the United Kingdom.

Contents

  • History 1
  • Structure 2
  • Function 3
  • See also 4
  • References 5
  • External links 6

History

The ABI began in 1985 after several specialised insurance industry trade associations, including the British Insurance Association, the Life Offices’ Association, the Fire Offices Committee, the Accident Offices Association, the Industrial Life Offices Association and the Accident Offices Association (Overseas), joined together to form one trade association for the whole industry.

The UK insurance industry is the largest in Europe and the third largest in the world.

Structure

According to the Association, it has around 250 companies in membership. Between them, they provide 90% of domestic insurance services sold in the UK. ABI member companies account for almost 20 per cent of investments in Gresham Street in the City of London, just west of the Guildhall, London. St. Paul's tube station is to the south-west. The ABI employs around 100 people.[1]

The association is a member of Insurance Europe

Function

The ABI represents the collective interests of the UK’s insurance industry. The Association speaks out on issues of common interest, helps to inform and participate in debates on public policy issues, and also acts as an advocate for high standards of customer service in the insurance industry.

See also

References

  1. ^

External links

  • ABI main website
  • Insurance Companies Business Model


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.