What's driving motor claims inflation?
Authored by Allianz
The insurance industry is experiencing claims inflation across many lines of business. The motor industry is no exception and motor claims are continuing to increase at a substantial rate, with an average claim now costing £5,349.
We've created a handy guide, in which we examine significant themes and factors influencing motor claims inflation, plus potential impacts for the insurance industry and its customers. As well as the ways we can help to mitigate them, such as:
- working closely with our national Approved Repairer Network to speed up repair work
- offering quick and simple digital claims reporting via Allianz Claims Hub
- using green parts to speed up the repair process where delays for new parts persist, this is a more sustainable and cost effective solution.
To view the What's driving motor claims inflation guide from Allianz CLICK HERE
About Allianz
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group, a leading integrated financial services provider and the largest property and casualty insurer in the world.
The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth. We aim to achieve this by putting the customer at the heart of everything we do.
Allianz is able to offer customers a wide range of products and services including home and motor and commercial insurance with full range of products and service for sole traders' right up to large commercial organisations.
Allianz Insurance employs over 4,500 people across a network of 20 offices in the UK and the company’s Head Office is situated in Guildford, Surrey. Our heritage and financial strength help make Allianz what it is today; a safe and trusted partner. Over 40 FTSE100 companies partner with Allianz. youTalk-insurance sharing Allianz Insurance news and video