Blog: Counting the cost of liability claims

Mark Merrix Allianz

The pandemic combined with Brexit is inflating the cost of liability claims, says Mark Merrix of Allianz.

With NHS waiting lists getting longer and care costs rising, the pandemic and the crisis in social care will continue to have a significant impact on the cost of liability claims for many years.  

Time is critical when dealing with personal injury claims; a speedy recovery is beneficial for an individual’s health and wellbeing, but also benefits employers by reducing work-related absence periods. All of which helps control claims inflation, in turn, containing premiums.

Covid-19 has had a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.