Insurance services

The AIB Insurance is the voice of the UK's world-leading insurance and long-term savings industry, which is one of the largest sectors in Europe and the third largest in the world. We represent more than 50 insurance firms within our membership, including most household names and specialist providers, providing peace of mind to customers across the UK and Europe.

Our Asset Protection solutions

During a hard market, insurers are less flexible and more selective on the risks they are willing to accept. At AIB insurance Service, we'll help you articulate and showcase a risk's best features and focus on areas that concern underwriters the most.

Our services provide cost-effective solutions that help visualise risks to insurers, as well as provide all the information an underwriter needs to put forward the best terms possible.

  • New Survey Menu: Our brand-new risk control survey menu offers three different and innovative ways to carry out a survey, no matter when and where
  • Asset Valuation: We offer two Asset insurance protection valuation services to support your asset management and ensure your Asset is valued correctly and secured.
  • Fire Risk Assessments: As part of our fire safety review service, a fire assessor will visit the security house or vault premises where your assets are deposited for safe keeping, carrying out a full visual inspection, to identify any potential fire-related risks.

Loan protection insurance

Protect your debt repayments - compare loan protection insurance

What is loan protection insurance?

Loan protection insurance protects you financially if you suddenly find yourself unable to repay a loan. It's a type of income protection that's designed to cover your loan repayments if you can't work because you become ill or get injured, or if you're made redundant involuntarily. Sometimes known as loan payment protection insurance, it can cover various types of loans, including mortgages, car finance and credit cards.

Mortgage protection insurance

What is mortgage protection insurance?

Mortgage payment protection insurance (MPPI) is a type of income protection. It can cover your monthly mortgage repayments - as long as they don't exceed 65% of your monthly gross salary - if you lose your job through no fault of your own, or you're unable to work because of a serious injury or illness.

If you need to make a claim, MPPI could pay you a set amount each month.

You might want the policy just to cover the cost of your mortgage payments, or you may want it to cover the cost of other bills too. If you opt for the latter, providers will typically pay out 125% of your mortgage costs.

Insurance bond

An insurance bond is a bond that is designed specifically to protect an individual or organization against financial loss if certain circumstances occur, such as:

  • the failure of another party to fulfill a contractual obligation; or
  • their employee commits fraud.

A 'bond' is a written promise to pay or act if specific conditions are met, e.g., an event, or the passage of time. The type of bond that most of us are familiar with is the financial instrument that governments and corporations

issue for the purpose of raising capital. These bonds are effectively loan agreements. The government or corporation is the borrower, and the investors/bondholders are the lenders. These 'financial' bonds state the terms of the loan and the promise to pay interest and to return the principal at a specific time.