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Insurance industry group launches campaign to show the ‘power of the premium’

Link(s):Insurance industry group launches campaign to show the ‘power of the premium’ | ABI

Context

A campaign is being launched today by the ABI to help consumers understand what their insurance premium pays for and to demonstrate the core principles of insurance.

‘Dad comes home’ is a fictional but illustrative insurance claim against an at-fault driver who crashes into the father character and tells the story of a dad recovering after a road traffic accident, through the eyes of his seven-year-old son.

Key points to note

  • The campaign is aimed at explaining the principles of insurance – how premiums of the many pay the claims of the few; not just for car accidents but also with life, contents and travel insurance etc.
  • It uses animation to show crucial role of cover in post-crash convalescence and outlines what the insurance system will pay for
  • Aims to demonstrate what a consumer’s premium pays for, even if they never claim
  • The film is available across digital channels.

Next actions

None – for information and awareness.