The trend of reducing Road Traffic Accidents may be coming to an end

The release of May's claim portal data suggests that the number of new motor fleet claims is stabilising after more than 2 years of decline. The claims portal is the process for dealing with low value personal injury claims that fall within the guideline amount of between £1,000 and £25,000.

DWF have analysed the data which showed the number of new claims rose 9.4%, the 2nd consecutive month where this year's number exceeded that for the same month last year. It is now the 3rd increase over the last 6 months.

DWF commented, “As we begin to look forward to where the new claims data may look on 31 March 2019 at the end of the usual accounting year, the early pointers are towards a small reduction of 1.4%, as opposed to a larger decrease of 12.0% seen last year.”

Source / Further Reading: http://insurance.dwf.law/news-updates/2018/06/latest-portal-data-suggests-trend-of-reducing-rta-volumes-may-be-coming-to-an-end-while-psla-hits-record-levels/