Introducing Thatcham Research’s Revolutionary Vehicle Risk Rating System
Thatcham Research, a leading vehicle testing organisation, has unveiled a groundbreaking new Vehicle Risk Rating that is set to revolutionize the car insurance industry. This innovative rating system, which assesses cars on a scale of 1-99 across five key bands, aims to provide more precise insurance premiums by taking into consideration factors such as performance, damageability, repairability, safety, and security.
The Vehicle Risk Rating marks a significant departure from the long-standing Group Ratings that have been in use for over 25 years. To shed light on the implications of this transformative change for UK car insurance and the automotive sector at large, Thatcham Research will be hosting a webinar featuring insights from industry experts.
Ben Townsend, head of automotive at Thatcham Research, Victor Zhang, UK country director at Omoda and Jaecoo, Scott McCammon, head of motor repair at Admiral, and Felix Page, deputy editor at Autocar, will delve into the impact of this new rating system and what it means for insurers, manufacturers, and consumers alike.
If you’re interested in learning more about this game-changing shift in the industry, join us for our upcoming webinar titled ‘How a fresh approach to gauging risk will make modern cars insurable’ on 8 May at 11:00. During the session, we will explore how the new rating system operates, the criteria used to evaluate vehicles, and how Thatcham Research is supporting manufacturers through this transition.
