Tackling fraud; BIBA welcomes the chancellor’s measures in his Autumn Statement
25th November 2015
BIBA was delighted to see measures to reduce fraudulent whiplash claims in today’s Autumn Statement.
Steve White, BIBA CEO said; “In our 2015 Manifesto we supported Aviva’s proposal for the rehabilitation of sufferers of whiplash injuries; We called on Government to consult on moving to a system of ‘care not cash’ and to raise the small claims track limit to £5,000. The chancellor’s confirmation that he is ending the right to cash compensation for whiplash injuries and increasing the upper limit for claims in the small claims court to £5000 is exactly what we wanted. These measures will lead to fairer premiums for law-abiding motorists.”
BIBA, along with Aviva, wanted to see the number of whiplash claims fall from an astounding 1300 per day and reducing the financial incentive to make such claims is a firm step in the right direction. As well as reducing the cost of fraud that is inevitably passed on to the customer, this measure will ensure that those that suffer genuine injuries can access the treatment they need to help them recover.
Notes to editors
1. For further information please contact:
BIBA press office:
Pam Quinn, Communications Manager
020 7397 0223
2. About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary 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.
54% of all general insurance is sold by an insurance broker and they arrange 79% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.