Portal figures for June indicate claims numbers far from a full recovery
UK & Europe
Insurance & Reinsurance
The Portal Company has released the personal injury claims statistics for August 2020, and despite the number of issued Claims Notification Forms (CNFs) increasing in June and July as the lockdown restrictions in the UK were eased, the recent figures for August dropped below the numbers recorded in July.
CNFs for claims relating to road traffic decreased 15% from July to August, with EL and PL claims falling by around a quarter. However, the figures recorded for August still remain above the claims numbers recorded in May, the lowest totals since the start of the pandemic.
The tables below show the difference between CNFs issued in July and August 2020 as well as August 2019 and 2020.
|CNFs August 2020||CNFs July 2020||Change on July 2020 (%)|
|CNFs August 2020||CNFs August 2019||Change on August 2019 (%)|
As can be seen in the graphs below, August interrupts the recovery in numbers of CNFs issued in the RTA, Employment Liability and Public Liability claims portals, since the low point of May 2020.
The reason for the decline in claims numbers between July and August are not immediately apparent, particularly as claims do not necessarily enter the portal in the same month/immediate aftermath of the incident causing the injury. However, a review of the claims numbers for July and August in previous years suggest that declines month to month can be expected, and could be attributable to the school holidays and annual leave being taken over the summer.