Saturday March 28, 2020

Insurers urged to provide more data to justify premium hikes

Assessment board queries insurers' claims that high cost of awards behind spiralling cost

3rd April, 2016
Insurance costs, especially in the motor market, have spiralled in the past year PIc: Getty

The insurance industry needs to publish more claims data to back up its assertion that the cost of claims is a key factor driving premiums upwards, according to the recently appointed head of the Personal Injuries Assessment Board.

Conor O’Brien, chief executive of the board, an independent state body that deals with personal injury claims relating to workplace, motor and public liability accidents, has called on insurers to publish more detailed claims data.

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