While rising motor premiums are largely driven by external cost pressures, shortcomings persist in how some insurers handle claims, the FCA said.

By instead funneling similar third-party claims into a single policy year through an "integration" process, the Bermuda Form sought to provide a more insurer-friendly construct.

The analysis leveraged a claims database that represented more than 100 million commercially insured lives from January 1, 2017 to September 30, 2023.

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