HomeApproved

UK insurance industry news and watch covers the most important stories, trends, research, opinion and developments for the insurance industry in the UK.

If you are actively searching for a new cheap UK car insurance quote, and looking to SAVE money on your next policy then click through to the HomeApproved home page and you will find the relevant get a quote button at the top of the page.

You could save up to £257*

*51% of consumers could save £257.97 on their UK Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next three cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from January 2021 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier. The Quotezone click and compare service is entirely free to use. It is a totally independent, secure and impartial UK insurance comparison site, already helping over 1 million drivers to get the best deal and BEAT THAT QUOTE!

HomeApproved In Business Online Since 2005!
We have been online since 2005 helping UK consumers in their search for cheaper UK insurance policies and premiums. We have a broader mission too, which is to enable all of our website visitors to be able to access the latest news and breaking stories in the insurance industry. This is combined with access on the HomeApproed website to all of the important regulatory bodies and associations that can assist with finding the right UK insurance partner and policy.

Please see below for the links to our UK insurance news pages down the years!

2006 Insurance News
2007 Insurance News
2008 Insurance News
2009 Insurance News
2010 Insurance News
2011 Insurance News
2012 Insurance News
2013 Insurance News
2014 Insurance News
2015 Insurance News
2016 Insurance News
2017 Insurance News
2018 Insurance News
2019 Insurance News
2020 Insurance News
2021 Insurance News

Please see below for the links to important bodies and associations in the UK insurance industry

AskMID The Motor Insurance Database
The Motor Insurance Database (MID) is the only central record of all insured vehicles in the UK and is updated over 10,000 times an hour. As one of the most important tools to ensure that only insured vehicles are driven on our roads, the MID is used by the police and the DVLA to enforce motor insurance law.

The Association of British Insurers
The ABI (Association of British Insurers) represents the collective interests of the UK’s insurance industry. Formed in 1985 when a number of existing industry bodies joined together, 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. The creation of the ABI meant that all sectors of the insurance company market could now speak through a single organisation.

BIBA
British Insurance Brokers’ Association (BIBA) is designed to provide all visitors to our web site with a quick and informative online guide to the workings of this organisation. Telephone BIBA: Members only: 0844 77 00 266. Compliance Helpline: 0844 8011 888. Find a Broker line: 0870 950 1790. BIBA is the UK’s leading general insurance organisation. They represent the interests of insurance brokers, intermediaries and customers, and have partner members from the leading companies in the insurance industry. Should you choose to talk to a BIBA member about your insurance needs, you will get a number of very important guarantees.

Insurance Regulation
UPDATE: The FSA has now become two separate regulatory authorities and their site is no longer updated. The Financial Conduct Authority (FCA) regulate the financial services industry in the UK. Their aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. The FCA regulates companies in many different ways.

Financial Ombudsman Service – FOS
Should you feel the need to complain about the services delivered by your car insurance partner, there are several important guidelines you need to be aware of before making any rash decisions. The primary role of The Financial Ombudsman Service (FOS) is to investigate complaints about (most) financial products and services provided in or from the UK, including motor insurance. If you have a legitimate problem with a financial product or service, you should always complain first to the firm you think is responsible. In most cases, the firm will be able to put things right itself.

FSCS
The Financial Services Compensation Scheme (FSCS) is the UK’s statutory fund of last resort for customers of authorised financial services firms. UK residents who are purchasing their car insurance policy, either online or offline need to aware of the existence of the FSCS, in case of any future disputes between policyholder and insurer.