The personal injury market continues to be shaped by whiplash and deafness claims even after the effects of LAPSO. However, it has also become apparent that claims management companies have turned their attention to new areas outside of the new costs regime.
Review your strategy against both existing and new challenges regarding personal injury claims, as well as the mooted solutions.
Benchmark against the market's experience of personal injury claims frequency and costs.
How is the personal injury claims space expected to look in the next few years, and what will be the driving forces behind this?
In what foreseen and unforeseen ways have changes in civil litigation impacted on the dynamics of the market?
Whiplash continues to account for the largest number of accident-related claims in the motor arena, although there are signs that the cost of dealing with these has been driven down successfully by the introduction of the LASPO regulations.
The Compensation Recovery Unit reports a 20% increase in the number of disease-related claims recorded between 2013 and 2014, which in 2013 had risen 34% on 2012 levels.