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  • March 2023

    Claims inflation: What is driving up the cost of claims in the motor trade industry?

The insurance industry is experiencing claims inflation across many lines of business, and the motor trade industry is no exception. Motor claims continue to increase, with an average claim now costing £5,349. Here we highlight the various catalysts contributing to increasing claims costs. Personal injury Wages: Short term injuries and the average salary in the UK has increased significantly over the past few years. These factors represent a higher cost...