A little goes a long way
Recent surveys have shown personal-injury claims costs have been increasing at a rate of 12% a year within the insurance industry; and according to independent market analyst, Datamonitor, they are expected to spiral. By 2005, if the UK experiences a rate of growth similar to that in the US, personal-injury claims will have increased to 1m per year, costing insurers and their policyholders around £6.5bn - an increase in volume of around 33%.
With 10.4m accidents a year, Datamonitor estimates
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 [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Personal
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- Blog: Three ways to be more efficient working remotely
- BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
- Lockton denies fraud allegations in ongoing legal dispute
- Property investor files separate legal proceedings against Axa as Lockton case continues
- Applied’s Fairchild plans organic growth
- People Moves Round-up: 19 - 23 October 2020
- Trust in insurance sector plummets after BI case