You may have seen articles in the news covering the fact that the calculation of awards for personal injury claims is changing.
The results of this change are
- the level of awards for serious injuries will increase significantly,
- insurer’s profitability will be hit and as a result
- insurers will increase premiums for Motor and Liability related products to cover the increased cost of claims.
At Qualitas we are monitoring premiums and checking them against alternative insurance companies so that the solutions we put forward are market competitive, with any increases kept to a minimum.
Find out more about why this change may affect your business by reading our Quick Note.