Getting to the truth of vehicle risk

Cars

Andrew Ballard, product principle of LexisNexis Risk Solutions, considers the perfect storm in motor insurance and explains why vehicle build and specification data can help providers see clearly through the clouds.

The cost and complexity of newer vehicles combined with cars in use on UK roads generally getting older (around nine years on average) has helped create a perfect storm in motor insurance.

Insurance

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Pace of motor insurance inflation starts to slow

Data analysis: While comprehensive car insurance premiums increased sharply by 58% (£366) during 2023, Emma Ann Hughes examines how the latest data suggests drivers will not face as big a bumph in the cost of cover this year.

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