• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Bodily Injury Claims

M

MrMikeR

Member
I understand that these tend to be long tailed.

However it is the composition of the delay I am interested in. What is the reporting delay like? I assume this is very short relative to the settlement delay?

Am I right?
 
Depends on the type of claim.

For example, motor whiplash claims can take a good few months to report (as the injury may not present itself immediately). Then settlement depends largely on how long you suffer the pain for, and could be considerably longer.

Another example: asbestosis. Reporting delay - could be many years, depending on when you deem the 'event' to have happened. Settlement...well, depends on the nature of the disease, whether you survive it, etc.
 
You must log in or register to reply here.
Back
Top