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Technology, Economics

Prediction: The increase in vehicle technology will negatively impact the cost of road traffic claims

Technology, Economics
Motor
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Prediction

Despite the lower claims numbers, claims costs will continue to rise faster than the Consumer Prices Index. Concerns regarding the integrity of electric vehicle (EV) batteries post-collision, and the need to recalibrate Advanced Driver Assistance Systems will result in increased complexity and cost, for both labour and parts. Insurers and the motor repair sector continue to highlight skills shortages for repairing EVs and cars with sophisticated safety systems post-accident.  This increases repair times and with it, costs.

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