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Insurance & Reinsurance
The Portal Company has released the personal injury claims statistics for January 2021. The number of Claim Notification Forms ("CNFs") submitted in January 2021 increased across the board with CNFs submitted in respect of motor, employers' liability and public liability claims all increasing when compared to December 2020.
Following the imposition of a third national lockdown in early January 2021, the increase is perhaps surprising. However, an examination of figures from previous years show that an increase is usually seen between December to January, possibly attributable to the Christmas period. Furthermore, the impact of the national lockdown in terms of incidents giving rise to claims will likely not be seen immediately in the CNF figures.
Despite the increase in claims in January, claims numbers are over 35% lower than a year prior, indicating the continuing impact of the pandemic.
Monthly figures
The tables below show the comparison between January 2021 and December 2020 as well as a year on year comparison to January 2020.
|
CNFs January 2021 |
CNFs December 2020 |
Change on December 2020 (%) |
---|---|---|---|
RTA |
37,948 |
35,859 |
6% |
EL Accident |
2,223 |
1,989 |
12% |
PL |
2,953 |
2,512 |
18% |
Total: |
43,124 |
40,360 |
7% |
|
CNFs January 2021 |
CNFs January 2020 |
Change on January 2020 (%) |
---|---|---|---|
RTA |
37,948 |
60,003 |
-37% |
EL Accident |
2,223 |
3,670 |
-39% |
PL |
2,953 |
4,660 |
-37% |
Total: |
43,124 |
68,333 |
-37% |
The graphs below show that claim numbers in January 2021 increased slightly after the downward trend of the previous three months. However, to give context to the overall impact of the pandemic, the months marked in blue in the RTA figures below show the months immediately prior to the pandemic taking hold in the UK, and the subsequent lockdown and social restriction measures.
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What can we expect to see?
End