General Insurance Article - After lockdown its crunch time for motorists as claims rise


Motor incidents have increased by over a third (35%) in the last few weeks, according to Co-op Insurance’s claims data

 With non-essential shops recently re-opening and as the Government advises people to walk, cycle or drive where possible, Co-op Insurance is anticipating a further surge in road traffic incidents.

 Whilst research from the insurer shows almost a fifth (19%) of people continue to use public transport, a sixth (16%) of motorists say that in the last month alone they have been driving more.

 When asked why, almost three fifths (59%) of those who have been using a car more believe driving is safer than public transport. Meanwhile, over a tenth (12%) of motorists said they’ve been driving as opposed to using public transport because they don’t want to wear face coverings.

 Whilst overall the insurer is seeing less claims than it did compared to before lockdown, perhaps the reason for this sudden increase in motor collisions is the fact that many motorists are out of the habit of driving regularly due to lockdown.

 In addition to this latest business data, the insurer recently revealed that collisions with cyclists have doubled in the last few weeks. As a result, Co-op is urging all road users to take extra care when getting back behind the wheel.

 Nick Ansley, Head of Motor Insurance at Co-op said: “As lockdown measures ease we’ve seen a significant increase in collisions on the roads.

 “Prior to lockdown, many motorists across the country drove regularly, whether that be to commute, to see friends or family or take day trips. With concerns about public transport and official advice to consider all other forms of transport, such as driving, cycling or walking, it’s clear that even more people are taking to the roads.

  “With this in mind, we’re reminding all road users to take extra care to help keep themselves, others and their communities safe.”

 Joshua Harris, Director of Campaigns at Brake said: “The increase in collisions may feel inevitable but it shouldn’t be and is concerning, especially with the increase in people cycling on the roads, some for the very first time. We urge people to only drive if essential and be extra vigilant for people cycling and walking.”

Back to Index


Similar News to this Story

Call for simplification of EU cybersecurity regulation
Insurance Europe has welcomed the European Commission’s review of the Cybersecurity Act (CSA) and the forthcoming digital omnibus initiative, supporti
7 California wildfire lessons learnt for European insurers
The devastating January 2025 wildfires in Los Angeles, which destroyed over 16 000 structures and caused insured losses of approximately USD 40 billio
Do not be left high and dry this summer
Aviva is urging caution as data reveals a correlation between warm weather and fire claims. Number of garden fire claims is already significantly high

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.