The petrol blockade may have produced a £60m windfall for motor insurers, an insurance expert claims.
Motor claims, running at 75,000 a week according to the ABI, were expected to fall dramatically as petrol became scarce.
Nigel Munns, actuarial consultant at Bacon & Woodrow, calculated that the insurance industry would save 1% on its annual £6bn claims bill for each week that the blockade reduced car mileage.
The saving to insurers could be £60m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
