Large bodily injury claims increasingly settled by periodic payment orders, Willis Re finds
Periodic Payment Orders are becoming increasingly prevalent in the UK motor market, with the larger, more serious bodily injury claims more frequently settled in this way, according to a report by Willis Re.
The findings of the annual UK Motor Market Review said that motor insurers are confronting this trend at the same time as the increases seen in motor rates since 2009 level off significantly.
Willis
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