Premium hikes are forcing larger motor fleets towards self-insurance according to bodyshop network ABS, which has been approached by many companies to provide repair services.
The move to self-insurance requires the fleet to take responsibility for a range of functions that would previously have been handled by the insurer.
ABS network director, Alan Hodgkinson, said: "The motor insurance market has been hardening and, in these conditions, many large fleets look carefully at self-insurance. It makes financial sense, especially if you have suffered a poor accident rate.
"The problem for many of them is the repair factor. They do not have access to a network of bodyshops. This is where we are in a unique position to help. A few fleets have started using ABS for this purpose while others are showing significant interest."
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.
