UK insurance market: total motor insurance claims incurred 2007-2018

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 claimsworth 628 million British pounds were detected as fraudulent.

Total motor insurance claims incurred in the United Kingdom (UK) from 2007 to 2018

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Source

Release date

October 2019

Region

United Kingdom

Survey time period

2007 to 2018

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Statistics on "Non-life insurance market in the UK"

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