UK insurance market: total motor insurance claims incurred 2007-2017

Total motor insurance claims incurred in the United Kingdom (UK) from 2007 to 2017 (in million GBP)

by James Cherowbrier, last edited Oct 5, 2018
UK insurance market: total motor insurance claims incurred 2007-2017 This statistic illustrates the total motor insurance claims incurred and paid out in the United Kingdom (UK) from 2007 to 2017. These figures include both domestic and commercial Net claims incurred, with a much larger share of claims displayed attributable to domestic motor insurance in each year under observation. It can be seen that in 2017, there was a total of over seven billion British pounds incurred, an overall decrease of approximately 1.2 Billion British pounds in claims in comparison to 2007. The largest number of claims was recorded in 2010, with more than 10.4 billion British pounds in motor insurance claims incurred. To support this observation, it can be noted that the total motor insurance claims frequency in the United Kingdom (UK) has been steadily decreasing between 2000 and 2011. As such, the increased number of claims recorded in 2010 might reflect other trends. For example, it could possibly be attributed to the higher number of motor insurance policies sold on the market in 2010, compared to years prior or after.
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Total motor insurance claims incurred in the United Kingdom (UK) from 2007 to 2017 (in million GBP)

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