Statements (54)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:insurance
|
| gptkbp:challenge |
climate change impact
inflation insurance fraud regulatory changes personal injury claims Brexit impact COVID-19 impact electric vehicle adoption supply chain disruption price competition increasing vehicle technology complexity rising repair costs telematics adoption uninsured drivers whiplash claims |
| gptkbp:claims_frequency |
about 10% per year (varies)
|
| gptkbp:compulsory_insurance |
third party liability
|
| gptkbp:country |
gptkb:United_Kingdom
|
| gptkbp:data_sharing |
Motor Insurance Database
|
| gptkbp:distribution_channels |
direct sales
insurance brokers affinity partnerships price comparison websites |
| gptkbp:fraud_risk |
high
|
| gptkbp:governingBody |
gptkb:Motor_Insurers'_Bureau
|
| https://www.w3.org/2000/01/rdf-schema#label |
UK motor insurance industry
|
| gptkbp:largest_companies |
gptkb:Admiral_Group
gptkb:esure gptkb:Direct_Line_Group gptkb:Aviva gptkb:RSA_Insurance_Group gptkb:AXA_UK gptkb:LV= Hastings Direct Zurich UK |
| gptkbp:mainLegalCode |
gptkb:Road_Traffic_Act_1988
Motor Vehicles (Insurance Requirements) Regulations 2011 |
| gptkbp:optional_insurance |
comprehensive cover
third party, fire and theft |
| gptkbp:product |
car insurance
motor insurance motorcycle insurance van insurance fleet insurance |
| gptkbp:regulates |
Financial Conduct Authority
Prudential Regulation Authority |
| gptkbp:size |
over £16 billion GWP (2022)
|
| gptkbp:trade_association |
gptkb:Association_of_British_Insurers
gptkb:Motor_Insurers'_Bureau British Insurance Brokers' Association |
| gptkbp:bfsParent |
gptkb:Thatcham_Research
gptkb:Motor_Insurers'_Bureau |
| gptkbp:bfsLayer |
7
|