Brexit: Impact on UK motor claims
October 9, 2019
Our Market Intelligence team has published analysis on the likely impact of Brexit on UK motor claims.
Our conclusions:
- 80% of parts imports come from the EU meaning that the UK is highly vulnerable to border arrangements in the short term
- A weakening of Sterling in line with some market forecasts could result in a doubling in the rate of claims inflation
- Insurers have limited ‘fat’ in their reserves and the impact is likely either to hit P&Ls or be passed on to consumers
To access the full paper, please contact us about subscribing to the Oxbow Partners Market Intelligence.
