ABI
Definition
The Association of British Insurers — the leading trade body that represents and speaks on behalf of insurance companies in the UK.
Example
Example 1:
Just as Nigeria has the Nigerian Insurers Association (NIA) that represents and protects the interests of insurance companies in Nigeria, the ABI plays that same role for insurers in the UK.
Example 2:
When the UK government proposed new rules on motor insurance pricing, major insurers like Aviva and Lloyd’s turned to the ABI to negotiate fairer regulations on their behalf with Parliament.