Fast Market Research announces the availability of the new Verdict Retail report, "UK Personal Injury Litigation 2016; The turbulent course of market-changing reform continues", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 07/08/2016 -- The personal injury sector continues its turbulent course of market-changing reform, with legislative, legal, and regulatory forces at work. While the market was just beginning to settle post-Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO), the game-changing reforms announced by the government in November 2015 have once again whipped up a storm of uncertainty.
-Sharp declines were finally seen in employers' liability and public liability claims recorded in 2015-16, reflecting the start of a decline in noise-induced hearing loss claims, and, for public liability, a return to pre-LASPO levels.
-While a more stable picture in claims recorded will be welcomed by the insurance industry, the LASPO spike is still taking its toll on profitability. Settled claims remain significantly above pre-LASPO levels.
-Reforms could have a potentially cataclysmic impact on the claimant sector. They will crystallize the trends of consolidation and revenue diversification already in evidence.
-The result is likely to be a small number of larger claimant representatives guiding consumers through the small claims track, and providing additional services such as rehabilitation.
Get More Details on this Report and a Full Table of Contents at UK Personal Injury Litigation 2016; The turbulent course of market-changing reform continues
Verdict Financial's "UK Personal Injury Litigation 2016" tracks the turbulent course of legal and regulatory reform in the post-LASPO injury claims space. Key announcements, shifts in the market, and likely future changes are analyzed for impact across all relevant stakeholders. Beyond this review - informed by a series of industry interviews - are chapters dedicated to the state of the motor and employers' liability markets.
Reasons to Get This Report
-Review your strategy against both the existing and new challenges regarding the personal injury claims market, as well as mooted solutions.
-Benchmark against the market's experience of personal injury claims frequency and costs.
Companies Mentioned in this Report: Slater and Gordon, Parabis, AA, LV=, Admiral, Direct Line Group, Allianz, RSA
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