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]anceage.co.uk 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
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Aviva’s Covid-19 BI claims exposure down to broker wordings
- Brightside sold to Markerstudy seven years after collapse of initial deal
- JM Glendinning buys Staffordshire broker
- Third deal in a week for Aston Lark
- Aston Lark buys Magenta Insurance
- Aviva's UK operating profit falls in 2020
- PIB buys Staffordshire broker in second deal of 2021