The ABI has highlighted the human and financial costs of road accidents, as part of the World Health Organisation’s (WHO) World Health Day.
The key theme of this year’s World Health Day, held on 7 April, is road safety.
ABI head of motor insurance Jo Dagustun, said: “On average, Britain’s motor insurers receive a new claim for compensation as a result of a road accident once every two minutes.
“In 2002, the cost of paying these claims reached just short of £1bn, and the cost of compensation is now increasing at four times the rate of inflation.
“So today’s initiative from the WHO is very significant.
“Insurers are at the sharp end of helping people recover from the human and financial consequences of road accidents. The massive cost is met through insurance premiums.
“It is in everybody’s interests to make sure that the UK’s record on road safety continues to improve.
