The United Kingdom (UK) motor insurance sector accounts for a considerable share of the European market. Furthermore, it also is a large part of the property and casualty insurance business in the country.
Motor insurance claims in the UK
In 2018, there was a total of over seven billion British pounds of motor insurance claims incurred in the UK, with the largest number of claims recorded in 2010 at more than 10.4 billion British pounds. For comparison, in 2018, insurance companies recorded over 20.7 billion euros in
gross written motor insurance premiums on the domestic market.
Fraudulent claims
How high the pay out of a claim is depends on the severity of the damage or injury. In 2018, the
average claim for bodily injury was 10.5 thousand British pounds. Not all claims are legitimate and paid out. In 2018, approximately 54 thousand
claims worth 628 million British pounds were detected as fraudulent.