2024 Property, Casualty & Motor Claims Review Insights

The "Property, Casualty, and Motor Claims Review" provides a comprehensive analysis of claims trends and insights across various sectors, including Employers' Liability (EL), Public Liability (PL), Motor Claims, and Property Claims.

The report outlines the key findings and trends observed in the claims landscape for 2024, and with the help of the Blue[i] Claims Analytics tool we are able to visualise claims data, helping clients identify cost-saving opportunities and develop custom claims management strategies.

What is included in the report:

Claims Trends: Read about trends that are leading to a more serious nature of claims being pursued, which has resulted in higher average costs per claim.
Economic Influences: Learn what factors are cited as contributors to claims inflation across various sectors.
Sector-Specific Insights: Each claims overview section provides detailed statistics on claims volumes, costs, and primary causes, with a focus on the retail/wholesale, transportation, and services sectors for EL and PL claims, and the energy sector for property claims.
Regulatory Changes: We discuss the implications of the PIDR change and the anticipated effects on claim settlements, particularly for catastrophic injury claims.
Environmental and Health Risks: The report also touches on emerging issues such as PFAS contamination and the potential for increased litigation related to environmental damage, reflecting a growing trend in consumer accountability.
Future Outlook: The report concludes with a forward-looking perspective, anticipating continued challenges in claims management due to inflation, regulatory changes, and evolving consumer expectations.

We invite you to download the report today to gain a deeper understanding of the challenges and opportunities within the claim’s environment.

Article

Property, Casualty, and Motor Claims Review Report

Related insights

Why can’t I defend claims? Claims and risk management guide

Increased in named storm events in the UK: Storm damage and insurance claims

Risk in Context Podcast: Effective risk management strategies amid rising casualty rates

Personal Injury Discount Rate (PIDR) Update