Insurance Claims in the UK - 2010

Reports on health, motor and commercial insurance claims in the UK.

Almost every adult and every business in the UK has involvement
with the insurance industry in some way.

•    An estimated 19.6 million households have contents insurance,
   and 16.5 million have buildings insurance.

     – 2.1m claims were made in 2010. An average fire claim cost
     £7,900, a theft claim cost £1,400, and a claim following a
      major flood is estimated to cost between £20,000 and £40,000.
      In total £9.8 million was paid out to households each day.

•    24.3 million private vehicles were insured.

   – 3.7 million claims were reported in 2010, leading to £22.4
million per day being paid in claims. (with increasing bodily injury claims)

•    4.4 million commercial vehicles were insured.

      – 855,000 claims were made, and £5.8 million paid each day in
      claim payments.

•    £4.6 million was paid each day to businesses on property damage.

•    £5.2 million paid daily in liability claims, such as for accidents
     at work, professional indemnity and injuries to the public on
     commercial premises.

General Insurance revenue.

In 2010, insurers received worldwide net premiums (written
premium less reinsurance premiums paid by the insurer) totalling
£46.4 billion and they paid out £30.8 billion in claims. Further
outgoings – expenses, commissions, adjustment to reserves etc
also contributed to the underwriting result.

Making a Work Injury Compensation Claim