Serving you better
Economic abuse and insurance
Lecture
Publication date:
14 November 2023
Last updated:
25 February 2025
Author(s):
Johnny Timpson OBE, FRSA, Financial Inclusion Commissioner, Financial Inclusion Commission, Professor James Davey LLM, LLB, Professor of Insurance and Commercial Law, University of Bristol Law School, Lauren Garrett, Financial Services Manager, Surviving Economic Abuse, Rebecca Deegan, Head of Protection and Health, ABI
In this Insurance institute of London (IIL) inclusion and diversity webinar, Johnny Timpson OBE, FRSA, Financial Inclusion Commissioner, Financial Inclusion Commission, Lauren Garret, Financial Services Manager, Surviving Economic Abuse, and Professor James Davey LLM, LLB, Professor of Insurance and Commercial Law, University of Bristol Law School, talked about the challenges victim-survivors of economic abuse face with insurance products and propose ways in which the insurance industry may overcome them.
Economic abuse involves the control of someone’s money and finances, including insurance. Many victim-survivors of domestic abuse find themselves facing multiple challenges with insurance – barriers to accessing cover, unfair rejection of claims or even having life insurance used against them to create fear and intimidation. This is why the charity Surviving Economic Abuse, funded by the Aviva Foundation, has published two briefing papers raising awareness of how victim-survivors of economic abuse are impacted by insurance products and specifically the challenges survivors face with life insurance.
Attendees will gain a broader understanding of the issue and learn about the recommendations that will help support and protect survivors.
Learning objectives:
- To understand how insurance products can be used by abusers to threaten, coerce and control
- To explore the challenges victim-survivors face with life insurance products, particularly those set up in joint names with the abuser
- To discuss the recommendations to overcome these challenges so that victim-survivors can access economic safety
Duration: 47 minutes
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This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.