Cost of motor claims hits highest ever level
The average claim cost rose to £2936 in 2017. Despite this, the total amount paid on all motor claims stayed roughly the same at £8.1bn.
Rob Cummings, ABI’s assistant director, head of motor and
More on Personal
Disappointment in discount rate
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX
— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
Most read
- Analysis: Industry faces financial blow from discount rate revision
- ‘Bad outcome’ for industry as discount rate revised to -0.25%
- Allianz and LV win big at 2019 British Insurance Awards: Full list of winners
- British Insurance Awards 2019: Commercial Lines Broker of the Year - SME/Mid-Corporate - Towergate Insurance Brokers
- Majority of disputed claim rulings are won by insurers
- Zurich names Amanda Blanc's successor
- Ageas confirms Axa's Waks as chief risk officer for UK
Back to Top