17th
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Public Liability
Heads of Damage claim trends
John Barker, Andrew Cohen,
Augustine Sidik, Thomas Carr,
Adam Searle
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Introduction
• National Claims and Policies Database
(NCPD)
– PL & PI
– BI & MD
– Open claims as at 1 Jan 2003
– All claims reported after 1 Jan 2003
– 6-monthly submissions
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Introduction
• Suncorp data
– Based on NCPD submissions
– Analysis for PL only
– Reconciled to valuation data
– Enhanced:
• Construction vs Non-construction
• Heads of Damage
– Finalised claims only
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Mix of claim types
Bodily Injury or death
Some Bodily Injury component
Property damage only
100%
80%
60%
40%
20%
Accident year
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
0%
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Average claim size and numbers by Acc Yr
Accident year
2010
2009
2008
2007
2006
2005
Number of claims
2004
2003
2002
2001
2000
1999
1998
1997
1996
Average finalised claims size
Head Of Dam age
Other
Investigation
Costs
Defendant
legal costs
Plaintiff
Legal Costs
Total claim size
Interest
General
Damages
Future
Caring
Services
Future
medical,
hospital and
related
Past
medical,
hospital,
caring and
Future
Economic
Loss
Past
Economic
Loss
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Materiality of each Head of Damage
Average Claim size
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Non-construction – All States
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Construction – All States
Average claim cost
2006.06.30
Number of claims finalising
2007.06.30
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Plaintiff Legal costs – All States
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
Finalisat ion year ending
2009.06.30
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Plaintiff Legal costs – Qld
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
Finalisat ion year ending
2009.06.30
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Litigation status
Number of claims
Plaintiff legal ->
negotiation
Plaintiff - no Not litigated
legal
Plaintiff legal
ACS
Court
judgement
Lit igat ion st at us
Plaintiff legal ->
w ithdraw n
Plaintiff legal ->
Defendant
w ins
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Plaintiff Legal costs – Qld (CST)
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Plaintiff Legal cost - NSW
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
Finalisat ion year ending
2009.06.30
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
General Damages – All States
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
General Damages - NSW
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
General Damages - VIC
Average claim cost
2006.06.30
2007.06.30
Number of claims finalising
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Hospital, medical and caring services – All States
(% of total claim cost)
16%
14%
12%
10%
8%
6%
4%
2%
0%
2006.06.30
2007.06.30
2008.06.30
Finalisat ion year ending
2009.06.30
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Hospital, medical and caring services – NSW
(% of total claim cost)
25%
20%
15%
10%
5%
0%
2006.06.30
2007.06.30
2008.06.30
Finalisat ion year ending
2009.06.30
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Economic loss – QLD
(% of total claim cost)
40%
35%
30%
25%
20%
15%
10%
5%
0%
2006.06.30
2007.06.30
2008.06.30
Finalisat ion year ending
2009.06.30
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Economic loss – QLD
(average number of HODs per claim)
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0
2006.06.30
2007.06.30
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Economic loss – QLD (CST)
(% of total claim cost)
35%
30%
25%
20%
15%
10%
5%
0%
2006.06.30
2007.06.30
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Economic loss – QLD (CST)
(average number of HODs per claim)
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0
2006.06.30
2007.06.30
2008.06.30
2009.06.30
Finalisat ion year ending
2010.06.30
17th
7 – 10 November 2010  Sheraton Mirage, Gold Coast
Head of Damage – increasing trend
Summary
QLD
Other
13%
Economic
Loss
21%
Medical,
hospital,
caring and
related
services
12%
NSW
Legal Costs
28%
NSW
QLD
NSW
VIC
(QLD)
General
Damages
26%