Personal injury market
We monitor the changes in the personal injury market updating our clients to ensure that they are informed of the latest trends and developments.
Our CMC Review is issued annually and follows up on the annual report of the Claims Management Regulation Unit and looks at how the CMC market has adapted over the previous year.
Process Review (awaiting publication)
Our Process Review is issued twice a year in alternative quaters to our UK PI Paper and looks at process reforms within the market and monitors how these change over time.
Our UK PI Paper is issued twice a year to coincide with insurers budget discussions. This paper analyises market statistics to provide invaluable insight into claims volumes.
Personal injury reforms
The world of insurance and claims is a constantly changing one. Recently, we were waiting for the Prisons and Courts Bill to complete the Committee Stage at Parliament and many were heralding this as a mechanism for bringing about changes not only to whiplash personal injury claims but also to how the discount rate is calculated.
Fast forward a week and we have the announcement of the snap general election on 8 June 2017 which meant that all Parliamentary business needed to be concluded in a period known as "wash up" before Parliament is dissolved prior to the general election.
It has been confirmed that both the Prisons and Courts Bill and the Vehicle Technology and Aviation Bill will not be enacted prior to the dissolution of Parliament and they have therefore been dropped.
Some commentators have heralded this position as a stark change in government policy, however, in our view the decision not to push these Bills through reflects their complexity and the detailed negotiations that they demand. In reality, this is merely a pause in the process, both Bills could in theory be reintroduced as soon as 9 June 2017 depending of course on the outcome of the election.
We will be monitoring the outcome of the election and lobbying for the re-introduction of both Bills at the earliest available opportunity.