Market Research Report
UK Personal Injury Litigation 2017
|Published by||GlobalData||Product code||360987|
|Published||Content info||53 Pages
|UK Personal Injury Litigation 2017|
|Published: July 17, 2017||Content info: 53 Pages||
Personal injury sector continues its turbulent course of market-changing reform, with legislative, legal, and regulatory forces at work. While the market was just beginning to settle and adjust post-Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO), a second round of reforms are due to come into play. The Civil Liability Bill will raise the limit in the small claims track to £5,000 for road traffic accident (RTA) claims and £2,000 for all other personal injury claims. For RTA-related soft tissue injury claims it will additionally introduce claims tariffs and ban pre-medical offers. However, any benefits from upcoming reforms will be cancelled out by the change in the Ogden rate from 2.5% to -0.75%, which has increased claims costs for insurers.
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The report "UK Personal Injury Litigation 2017" provides an in-depth study into the claims landscape of the personal injury market, which covers motor, employers' liability, public liability, and clinical negligence. It explores the change in claims numbers over time and in relation to reforms such as LASPO. It also discusses upcoming regulatory changes such as the Civil Liability Bill and the discount rate, and the future impact these will have in the personal injury space. The role of CMCs and solicitors is explored and how this is likely to change in future. The report has chapters focused specifically on motor and employers' liability areas of personal injury.
Companies mentioned in this report: Thompson, ABTA, Admiral, Aviva, Direct Line, LV=, Allianz, Ageas, Slater & Gordon, Parabis.