Skip to main content

Personal Injury: Compensation

Question for Ministry of Justice

UIN 63485, tabled on 7 February 2017

To ask the Secretary of State for Justice, what steps she has taken to ensure that cost savings to consumers resulting from reforms to personal injury statutes are passed on to consumers by the insurance industry.

Answered on

15 February 2017

Leading insurers have already publicly committed to pass on savings to consumers through lower premiums.

Motor insurance is intensely competitive on price and insurance companies will have little choice but to pass on savings, or risk being priced out of the market.

The government will, however, monitor the industry’s reaction to the reforms and will consider further action if required.