Association of British Insurers

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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 300+ UK insurance companies
Director General Otto Thoresen
Main organ ABI Board (Chairman - Tidjane Thiam, Group Chief Executive of Prudential plc)
Staff 100
Website ABI

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

History[edit]

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[edit]

According to the Association, it has around 300 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 London's stock market. Its members are major tax contributors, paying £10.4 billion in the 2010 / 2011 tax year. The organisation is funded by members' subscriptions.


Its offices are at 51-55 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[edit]

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[edit]

References[edit]

  1. ^ "The Role of the ABI". Retrieved 5 September 2009. 

External links[edit]