Chief Executive Andy Watson comments on today's Ministry of Justice Oral Evidence Session on limit for personal injury.
"After an interval of 20 years it’s absolutely right that the Government looks to increase the Small Claims Track limit for personal injury. Specifically to £5,000 for road traffic accidents claims and £2,000 for all other Personal Injury claims.
"Ageas believes the claimant must be at the heart of any planned change, with a process that is simple, transparent and easy to navigate. Regulation of the claims management sector by the FCA should be prioritised and must be a pre-requisite for anyone operating in this area.
"Well designed, and effectively implemented, legislative changes will reduce claims costs, and, all other factors remaining the same, premium reductions will follow."