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Special attention at conference for personal injury

At the conference in Rome there was special attention for personal injury claims. Not only because participants of the previous conference in Warsaw clearly indicated their need for more information about the matter, but also because it is a hot topic from a financial point of view. The claim costs for personal injury due to traffic accidents in Europe are more than 50 percent of the total expenditure of motor insurers.

At the conference in Rome there was special attention for personal injury claims. Not only because participants of the previous conference in Warsaw clearly indicated their need for more information about the matter, but also because it is a hot topic from a financial point of view. The claim costs for personal injury due to traffic accidents in Europe are more than 50 percent of the total expenditure of motor insurers. 

In Europe, about 2,6 million claims each year involve personal injuries. This is on an average 14 percent of the total number of claims. From a financial perspective personal injuries have an even bigger impact. The claim costs for personal injury are 52 percent of the total expenditure, with Italy leading the pack (70 percent). The average personal injury claim costs are € 11.600, approximately three times as much as the average of all claims.

Since 2001, the number of serious injuries with claims exceeding € 100.000 has decreased with 36 percent. This category of large claims however is still good for 37 percent of the total expenditure of all personal injury claims. In some exceptional cases the last decade insurers paid tens of million of euro’s, with as most expensive case the accident in the Mont Blanc tunnel in 1999 when a Belgian truck caught fire and 38 people were killed. This resulted in total payments of € 89 million.

A similar development we can see with the number of road fatalities in Europe. In 2012 we saw 28.000 road fatalities, which is 9 percent less compared to a year earlier. This means there are still 55 victims per 1 million inhabitants. On a country basis, the picture varies. The safest countries are the UK, Sweden, the Netherlands and Denmark; the least safest countries are Lithuania, Rumania, Poland and Greece.

To watch the presentation on personal injuries click here.