Market Research Report
UK Personal Injury Litigation 2018
|Published by||GlobalData||Product code||360987|
|Published||Content info||39 Pages
Delivery time: 1-2 business days
|UK Personal Injury Litigation 2018|
|Published: July 12, 2018||Content info: 39 Pages||
The personal injury market is set to undergo further reform, with both the government and regulators keen to crack down on the growing compensation culture that has become particularly evident in the motor claims market. Attempts to reform the claims landscape through the Legal Aid, Sentencing and Punishment of Offenders Act (LASPO) - which came into force in 2013 - had a limited impact. The government has responded to this by proposing further reforms through the Civil Liability Bill, which focuses heavily on claims relating to whiplash injuries caused by road traffic accidents (RTAs).
Previous changes to the Ogden discount rate from 2.5% to -0.75% increased the cost of claims to insurers. But this looks set to change, with the Ogden rate to be reviewed and many within the market believing it will fall between 0% and 1%.
The report "UK Personal Injury Litigation 2018", is 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 change such as the Civil Liability Bill and the Ogden discount rate, and the future impact these will have in the personal injury space. The role of claims management companies and solicitors is explored, and the report has chapters focused on motor, employers' liability, and public liability as specific areas of personal injury.
Key Findings included in the report -
Companies Mentioned: ABTA, Aviva