ABI welcomes Government statement on age and insurance

Wednesday, 27 January 2010 12:00 AM

The ABI welcomes today's policy statement by the Government Equalities Office that a competitive market for motor and travel insurance exists for consumers of all ages.

Maggie Craig, Acting Director General of the ABI, said:

"The insurance industry is committed to providing competitive insurance for people of all ages. The Government's own research shows that motor and travel insurance is available to all age groups.

"However, we recognise that some older people may experience difficulty finding the motor and travel insurance policies that are available to them. So we are developing a signposting solution that will direct older people to those insurers who can meet their insurance needs. We are keen to work with Government and age charities to ensure that this delivers real benefits to consumers."

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Notes for Editors

1. Enquiries to:
Malcolm Tarling 020 7216 7410 (Mobile: 07776 147 667)
Erfan Hussain 020 7216 7411 (Mobile: 07712 841 184)
Kelly Ostler-Coyle 020 7216 7415 (Mobile: 07968 364 302)

2. The ABI is the voice of the insurance and investment industry. Its members constitute over 90 per cent of the insurance market in the UK and 20 per cent across the EU. They control assets equivalent to a quarter of the UK's capital. They are the risk managers of the UK's economy and society. Through the ABI their voice is heard in Government and in public debate on insurance, savings and investment matters.

3. An ISDN line is available for broadcasts.

4. More news and information from the ABI is available on our web site, www.abi.org.uk.

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