The insurance industry is experiencing claims inflation across many lines of business. The motor industry is no exception and motor claims are continuing to increase at a substantial rate, with an average claim now costing £5,349.(1)

Allianz has created a handy guide, in which they examine significant themes and factors influencing motor claims inflation, plus potential impacts for the insurance industry and its customers, as well as the ways they can help to mitigate them, such as:

• working closely with their national Approved Repairer Network to speed up repair work
• offering quick and simple digital claims reporting via Allianz Claims Hub
• using green parts to speed up the repair process where delays for new parts persist, as a more sustainable and cost effective solution.

Read the Guide Here

 

Allianz Insurance has been the RMI’s exclusive insurance partner for over 25 years and have a bespoke RMI and Allianz offering for members known as the Motor Trade RMI product. 

Find out more about this exclusive member offer here, and call the IGA Member Helpline on 01788 225 908 to enquire.

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1. WTW. UK motor claims inflation on the rise with added pressure from delayed injury settlements – WTW (wtwco.com) – UK motor claims inflation on the rise with added pressure from delayed injury settlements – WTW (wtwco.com)