ABI INITIATIVE WILL IMPROVE ACCESS TO INSURANCE FOR OLDER CUSTOMERS

22 March 2007

The ABI (Association of British Insurers) has set up a task force to help older customers shop around for travel and motor insurance. Cover for older people is widely available, but a minority experience difficulties. The task force will recommend how to implement a system to help older customers get the insurance they need.

The task force will be chaired by Keith Morris, Chairman of Sabre Insurance, who specialise in insuring older drivers. As well as ABI members, its membership will include The British Insurance Brokers Association, Age Concern, Help the Aged and Citizens Advice. 

Launching the task force at a joint ABI/Age Concern/ Help the Aged seminar today, Stephen Haddrill, the ABI’s Director General, said:

“Insurers are meeting the rising demand for insurance from older customers, and it is now widely available. ABI research shows four out of five older people can buy it without difficulty. But more can still be done.  For a minority finding the right insurance can be a challenge. The task force will be consulting widely to develop a system so that older customers can easily shop around for the cover they need.”