The Association of British Insurers (ABI) is a prominent lobbying organization representing over 300 member firms within the UK insurance and long-term savings sector. Established as a key voice for the industry, ABI advocates on behalf of most household names and specialist providers. The sector supports more than 300,000 high-skilled jobs across the UK, with two-thirds located outside London, and manages investments totaling approximately £1.5 trillion. The ABI’s members contribute significantly to the UK economy, with a £36 billion contribution in 2021 and exports valued at £23.5 billion in 2022. The organization plays a vital role in shaping EU policy affecting insurance and financial services, focusing on a wide range of legislative and regulatory files such as Solvency II, the Insurance Distribution Directive, PRIIPs, GDPR, and the EU Green Deal.
ABI’s lobbying efforts target key EU frameworks impacting insurance capital standards, sustainability, climate change, AI regulation, and financial market integration. The organization has shown strong engagement in sustainable finance policies, supporting initiatives like the UK’s Net Zero Strategy, Glasgow Financial Alliance for Net Zero, and advocating for mandatory ESG disclosures and climate risk management aligned with international standards such as TCFD and TNFD. ABI also actively contributes to consultations and meetings with EU institutions, including the European Commission and Parliament, to influence policy outcomes beneficial to its members.
Registered with the EU Transparency Register since June 2008, ABI maintains a transparent approach to its lobbying activities, disclosing financial expenditures, lobbyists involved, and its network affiliations. The organization operates from its head office in London and has a dedicated EU office at the same address. ABI’s lobbying expenditures have ranged between €400,000 and €499,999 in recent years, with approximately 0.85 full-time equivalent lobbyists engaged. The firm’s activities include consultation responses, thematic publications, media engagement, and direct meetings with EU officials and MEPs to ensure the insurance industry’s interests are well represented in EU policymaking.
