Injury claims costs in motor rising by nearly a third a year, claims Towers Watson
The cost of injury claims in the UK car insurance market has grown recently by nearly 30% per annum according to Towers Watson.
It added the figures are stressing expense ratios and challenging many insurers' future profitability.
George Maher, senior consultant at Towers Watson, said: "The jump in injury claims specifically has been met with widespread concern across a sector already under intense pressure to innovate, while carriers push to respond quickly to consumer needs in difficult financial times. In response, some insurers have acted quicker and more effectively by thinking laterally to improve their business
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