UK Personal Injury Litigation 2011 – Market Analysis Report

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UK Personal Injury Litigation 2011

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Introduction

Personal Injury Litigation 2011 provides a comprehensive analysis of the personal injury sector. It examines claims trends and costs, providing concise account of the key changes taking place and how this will influence the sector in the future. The report also includes the latest developments of the main personal injury service providers and of the largest legal expenses insurers.

Features and benefits

* Gain insight into the recent regulatory and market trends in the personal injury market
* Learn about the most recent regulatory changes and how are they likely to impact your business
* Assist in strategy development, looking at other competitors performance and distribution patterns

Highlights

The personal injury market is dominated by motor insurance claims, with employers liability, public liability, and clinical negligence all contributing to a lesser degree.
Motor claims continue to have the highest success rate, with 90% of claims in 2008–09 and 88% in 2009–10 resolved in favor of the claimant. Employers liability claims have been experiencing an upward trend, with 69% of cases successful in 2009–10, compared with 53% in 2008–09.

Your key questions answered

* How has the UK personal injury market changed in the recent years?
* What are the major regulatory changes and how are they going to impac the market?
* Who are the main competitors and how have they performed in the recent years?

Table of Contents :
Executive Summary
Motor claims account for the largest part of the personal injury market
The number of personal injury claims continues to grow
The number of motor personal injury claims continues to increase on a yearly basis
Road casualties data
Most road users saw a decline in the number of casualties, with the exception of pedal cyclists
A total of 6.2% of 25–34 year olds made a motor bodily injury claim, the highest proportion of all respondents
Employers liability claims costs decreased slightly in 2009
Gross claims decreased by 0.3% in 2009, compared with a growth rate of 9.6% in 2008
Employers liability claims volumes continue to decline, particularly in terms of injury claims caused by disease
Lord Justice Jacksons review of civil litigation costs
The personal injury market continues to attract new entrants
There are now 2,500 businesses in the personal injury claims management space in 2010
OVERVIEW
Catalyst
Summary
MARKET CONTEXT
Introduction
Motor claims account for the largest part of the personal injury market
Motor insurance claims contribute the highest level of costs to the personal injury market
Motor claims continue to have the highest success rate among all types of personal injury claims
Despite a relatively small increase in the number of new claims, the total cost of personal injury claims has been rising
The number of personal injury claims continues to grow
The majority of claims are now accident related, with disease claims decreasing significantly in recent years
A greater number of personal injury claims are now motor related
In some cases legal costs exceed the amount of compensation paid
The Road Traffic Accident Personal Injury scheme eased some of the problems associated with costs and time
The number of motor personal injury claims continues to increase on a yearly basis
The average cost of a motor personal injury claim has remained fairly static over the last two years
Motor bodily injury claims are the most expensive to settle, followed by theft claims
Road casualties data
The actual number of reported RTAs continues to decline
The number of road casualties continues to fall
Most road users saw a decline in the number of casualties, with the exception of pedal cyclists
Employers liability claims costs decreased slightly in 2009
Gross claims decreased by 0.3% in 2009, compared with a growth rate of 9.6% in 2008
Employers liability claims volumes continue to decline, particularly in terms of injury claims caused by disease
Workplace injuries and ill health have continued to decline
Workplace injuries reported under RIDDOR have declined gradually in recent years
Workplace injuries including acts of violence have also declined
Workplace fatalities peaked in 2008–09
The estimated number of workplace injuries declined by 4.3% in 2009–10
Following the adjustment of HSE data, there has been a steady increase in the number of cases of occupational disease
Employment Tribunal applications have increased in 2009–10
The number of public liability cases continues to increase
Public liability cases rose by 5.6% in 2009–10
CUSTOMER FOCUS
Introduction
Motor bodily injury claims are the most common reason for a claim
A total of 6.2% of 25–34 year olds made a motor bodily injury claim, the highest proportion of all respondents
Respondents with incomes of £75,000–99,999 reported the highest proportion of motor bodily injury claims
National Accident Helpline is the most popular choice for motor bodily injury claims
BGR Bloomer was the top choice within the public/product liability and clinical negligence segments
REGULATIONS AND ISSUES

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