Insurers wary of 'perverse' CMC behaviour following whiplash reforms

whiplash

Insurers are concerned that whiplash reforms may result in claims management company “displacement”.

The Official Injury Claim portal and Whiplash Injury Regulations (2011) went live on 31 May after delays that ministers attributed to coronavirus pandemic disruption.

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.