The Civil Liability Act 2018 (and subsequent Civil Liability (Information Requirements) and Risk Transformation (Amendment) Regulations 2020) requires that certain insurers (broadly, those insurers writing more than 100,000 private motor policies a year) must submit data to the Financial Conduct Authority (FCA) about the effect that the Civil Liability Act 2018 will have on motor insurance premiums over three annual periods, commencing on 1 April 2020 and ending on 31 March 2023. The FCA has now published a statement on the requirement to provide data and a copy of the template for the provision of information.

The Civil Liability Act 2018 introduces a number of measures that impact motor insurers, including provisions for the review of the discount rate and setting a tariff rate against which damages for whiplash injuries will be set.