British motor premiums see modest rise in first quarter of 2024
The data from the Association of British Insurers' (ABI) Motor Insurance Tracker showed that insurers continued to absorb growing costs, with the average claim paid rising 8% to reach a record of 4,800 pounds ($6,004.80) in the first quarter over the same period last year. The ABI tracker analyses nearly 28 million policies sold a year and the claims paid against these policies.