• Motor insurance payouts up a third
    • 07/09/2023
    • Posted by: Alan Feldberg
    • Category: News
    Motor insurers paid out £2.5bn in claims in the second quarter of this year, according to the Association of British Insurers. This represents a 29% increase on the £2bn paid out in the same quarter last year. A 46% rise in vehicle repairs to £1.5bn drove the increase, while the cost of providing replacement [...]
    read more

  • Report highlights Covid recovery
    • 18/05/2021
    • Posted by: Alan Feldberg
    • Category: News
    A new report exploring how the motor claims market has been impacted by Covid-19 and including analysis of a survey of UK bodyshops is about to be released. Emerging from Covid, by Trend Tracker, will cover several areas of focus including economy, people, motor insurance and vehicle repair. It will also include [...]
    read more

  • CAPS reports another week of claims growth
    • 06/05/2021
    • Posted by: Alan Feldberg
    • Category: News
    CAPS has reported that both unique claims and supply chain transmissions are now higher than they were across the CAPS platform in the first week of November 2020. Unique claims rose nine per cent last week and are now 101% of what they were before the second lockdown, while supply chain transmissions increased by [...]
    read more

  • Motor premiums down to 2016 levels
    • 04/05/2021
    • Posted by: Alan Feldberg
    • Category: News
    The average price motorists paid for their motor insurance in the first quarter of 2021 fell to its lowest level since 2016. According to the ABI’s latest Motor Insurance Premium Tracker, the average price paid for comprehensive motor insurance in the first quarter of this year was £436. This was down £32 on [...]
    read more

  • CAPS reports significant volume increase
    • 27/04/2021
    • Posted by: Alan Feldberg
    • Category: News
    CAPS has reported a sharp rise in both unique claims and supply chain transmissions in the week ending 24 April. It found that unique claims rose eight per cent on the previous week, while supply chain transmissions enjoyed double-digit growth, increasing by 10% on the last seven days. The new figures are now [...]
    read more

  • Claims on the rise as lockdown eases
    • 21/04/2021
    • Posted by: Alan Feldberg
    • Category: News
    The latest CAPS Consortium collision repair industry report for the week ending 17 April shows an increase of 5-7% respectively on the previous week. The new figures are 82% for unique claims and 94% for supply chain transmissions, and are measured against the peak of claims recorded across the CAPS platform in the [...]
    read more

  • UK watchdog plans yardstick for insurance policies
    • 25/06/2015
    • Posted by: Simon Wait
    • Category: News
    Reuters reports that British insurance firms may be forced to publish their average payouts and claim acceptances to help consumers decide if policies offer good value under proposals floated by the market regulator on Wednesday. A study by UK regulators in 2013 found that inadequate competition was leading to 108 [...]
    read more

  • Aviva investigating 15,000 claims
    • 17/06/2015
    • Posted by: Simon Wait
    • Category: News
    The Actuary reports that Aviva suspects organised motor insurance fraud increased by 28% between 2013 and 2014. The insurer said the value of fraud increased from £30m in 2013 to £38m in 2014, and it currently has more than 15,000 ‘suspicious claims’ under investigation. Tom Gardiner, head of fraud at [...]
    read more

  • Dash cam sales skyrocket
    • 13/05/2015
    • Posted by: Simon Wait
    • Category: News
    Dash cams sales have risen by 918% on the high street as car insurers say they will now accept footage as evidence when drivers make claims. According to Nextbase, a car parts chain and manufacturer of dash cams, said it contacted 29 major British car insurers and received confirmation from each one that they would [...]
    read more