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Market Monitor.pdf

Insurance-Market-Monitor-January-2022.pdf

🔗 Source: thomascarroll.co.uk

📊 Size: 5.78 MB

👤 Author: KirstyBird

⬇️ Downloads: 198

Summary

Thomas Carroll Group's Insurance Market Monitor for January 2022 reports on the current state of the insurance industry, including a 7% decrease in the average cost of motor insurance, a rise in the average fraudulent insurance claim to £12,000, and the Financial Conduct Authority's measures to protect customers from loyalty penalties. The monitor also highlights a record £6.2b paid out by insurers in 2020 to help families cope with bereavement and ill health, and the impact of the new whiplash reform, which has resulted in a significant decrease in claims. Additionally, the report notes the end of the pandemic-induced agreement between the Association of Consumer Support Organisations and the Association of British Insurers, and the need for businesses and consumers to consider their insurance cover options carefully.

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Description

Thomas Carroll Group's Insurance Market Monitor for January 2022 reports on the current state of the insurance industry, including a 7% decrease in the average...

Technical Information

File Format: PDF
File Size: 5.78 MB
Pages: 18
Language: EN
Author: KirstyBird
Total Downloads: 198
Last Updated: 4 weeks ago

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