BLM publishes MOJ portal analysis

02 Mar 2016

BLM has published an analysis of the data captured within the Ministry of Justice RTA portal.

The full report can be accessed here.

Key conclusions from the Portal data include:

  • CNFs sent – if the present position is maintained, As the total CNFs for 2014/15 was 865,474, our projection when compared with last year’s figure suggests either a plateau or even marginal reduction (0.9%), year on year.

  • Stage 1 - if the present position on exits is maintained, the annual projection would be 215,536 , a decrease year on year of 6.9% – a positive sign. Stage 1 exits as a percentage of CNF’s sent remains unchanged, averaging 25% of all CNFs sent.

  • Stage 2 - if the present position on exits is maintained, the annual projection would be 12,675, a decrease year on year of 4.6% – another positive sign. Stage 2 exits as a percentage of CNF’s sent remains consistently below.

  • General Exit Process - YTD total is 134,837, up 11,158 (+9.0%) when compared with the same period last year. The annual projection for 2015/16 would be 179,783, which would represent an increase of 10,569 (+6.2%), notwithstanding a reduction in both Stage 1 and Stage 2 exits.

  • Claims YTD that either settled at Stage 2 or proceeded to Stage 3 together total 201,482 (31.3% of the YTD total), which represents an increase in last year’s averaged like-for-like figure of 192,036 (30.1% of the 2014/15 YTD total).

  • This increase appears to be due to an increase in the number of Stage 3 packs being prepared, when compared with 2014/15, representing increased indemnity spend for insurers. However, the number of Stage 3 packs prepared YTD has been similar for each of the last five months, averaging around 13% of the CNFs retained, excluding December 2015.

  • Retained claims unaccounted for by a Stage 2 settlement or a Stage 3 pack total 138,912 YTD (or 21.6% of CNFs sent). Analysis continues to be required at client level to track the progress and lifecycle of claims which appear to stall at Stage 2 before being subsequently abandoned or resurrected.

 

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.

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