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Association of British Insurers

UK insurers pay out record £585m for weather-related damages in 2024

Risk

UK insurers pay out record £585m for weather-related damages in 2024

Damage to homes and businesses from extreme weather events is leading to rising pay outs as the climate crisis intensifies, the latest data shows

clock 11 February 2025 • 3 min read
'Adverse weather': Insurance industry reports record level of payouts as climate impacts bite

Risk

'Adverse weather': Insurance industry reports record level of payouts as climate impacts bite

Association of British Insurers confirmed industry paid out £1.4bn during the second quarter, with weather impacts fuelling record level of claims

clock 14 August 2024 • 3 min read
'First 100 days': Investment giants urge next government to move quickly to boost green investment

Investment

'First 100 days': Investment giants urge next government to move quickly to boost green investment

Investment Delivery Forum sets out Partnership for Prosperity programme, calling on whoever forms the next government to take urgent steps to boost public-private investment in green projects

clock 19 April 2024 • 4 min read
Weather-related insurance claims from UK homes and businesses top £1bn for first time

Risk

Weather-related insurance claims from UK homes and businesses top £1bn for first time

Succession of storms drove value of damage claims last year to record levels, as insurers grapple with worsening climate impacts

clock 15 April 2024 • 2 min read
'Triple whammy': World's largest insurers accused of 'abject failure' to tackle rising emissions

Investment

'Triple whammy': World's largest insurers accused of 'abject failure' to tackle rising emissions

Major study of world's 65 largest insurers details 'triple whammy' of underwriting and investing in projects fuelling global warming, environmental damage, and failing to protect human rights

clock 11 April 2024 • 4 min read
UK insurers call for public-private partnerships to help unlock green investment

Investment

UK insurers call for public-private partnerships to help unlock green investment

Clearer, long-term UK infrastructure strategies and public-private partnerships could help close net zero investment gap, according to Association of British Insurers

clock 19 February 2024 • 4 min read
Study: UK faces 'mammoth' £615bn green infrastructure investment gap

Energy

Study: UK faces 'mammoth' £615bn green infrastructure investment gap

New analysis from the Association of British Insurers warns UK faces £615bn funding challenge to meet requirements for energy, transport, and housing infrastructure through to 2030 - having secured a little over half the £1.3tr needed

clock 07 November 2023 • 3 min read
Report: Insurance sector failing to address 'vast and understated' nature risk

Risk

Report: Insurance sector failing to address 'vast and understated' nature risk

ClimateWise group sets out roadmap for insurers and reinsurers to take nature into account when underwriting escalating risks

clock 12 April 2023 • 4 min read
Make net zero strategies a mandatory requirement, UK firms urge government

Legislation

Make net zero strategies a mandatory requirement, UK firms urge government

BT, Tesco, Aviva, Santander, and Mitie among those calling on government to make net zero disclosure a mandatory requirement for large firms

clock 11 October 2021 • 5 min read
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