Motor claims fall to lowest ever level for Q1

Cars 2021

Latest data from the Compensation Recovery Unit shows the number of motor claims has fallen to its lowest level ever for this quarter of the year, but the claimant body believes this is due to people not claiming.

Data obtained through a freedom of information request submitted by Matthew Maxwell Scott, executive director of the Association of Consumer Support Organisations, showed that 93,989 claims were made

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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.