British Insurance Brokers’ Association support Government whiplash move

23rd October 2013

The British Insurance Brokers’ Association (BIBA) have welcomed the announcement today by Justice Secretary Chris Grayling MP to establish independent medical panels to assess whiplash injuries.

BIBA Executive Director, Graeme Trudgill, said:

“There has been a problem with fraudulent whiplash claims in this country. Britain is the whiplash capital of Europe but we don’t believe that’s because we have the weakest necks on the continent.

“Every year, around half a million people claim for whiplash injuries, costing the industry £2 billion and adding an extra £90 to the average policy.

“Establishing these medical panels should standardise the diagnosis of whiplash, making it more accurate and less open to fraud, reducing the costs for honest policyholders and that can only be a good thing.”

BIBA have long campaigned for this and placed establishing the panels as the top priority for motor cover in their manifesto. Earlier this year, BIBA published the results to a survey where 71% of insurance brokers said they felt motor was the class of insurance they were most concerned with on fraud.

BIBA has been working with other stakeholders in the insurance industry on reducing fraud and have given evidence to Select Committees and worked with Government to support the proposals.

ENDS

Notes to editors:

1. For further information please contact:

BIBA press office:

Andy Thornley

Communications Manager

thornleya@biba.org.uk
020 7397 0223

 

2. About British Insurance Brokers' Association:

The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA membership includes just under 2,000 regulated firms having merged with the Institute of Insurance Brokers (IIB) in November 2011.

General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.

BIBA helps more than 400,000 people a year to access insurance protection through it’s Find a Broker service, both online and via the telephone.

Brokers provide professional advice to businesses and individuals, playing a key role in the identification, measurement, management, control and transfer of risk. They negotiate appropriate insurance protection tailored to individual needs.

BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.   BIBA provides unique schemes and facilities, technical advice, guidance on regulation and business support and is helping to raise, and maintain, industry standards.