UK Medico-Legal and Insurance Services Market

  • ID: 4474197
  • Report
  • Region: United Kingdom, Great Britain
  • 79 Pages
  • IRN Research
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A Market Worth Over £700 Million

FEATURED COMPANIES

  • Broadspire Rehabilitation
  • Exam Works/Premex
  • Injury-QED Ltd (I-QED)
  • IPRS Group
  • On Medical Ltd
  • RehabWorks Ltd
  • MORE

The UK Medico-Legal and Insurance Market (MLIS) is valued at over £700 million in terms of revenue and grew in 2017 by 6%, compared with 13% in 2016. While the market continues to expand, it is being put under more pressure by official moves to cut the number of low value personal injury cases, which has, for example, resulted in a cut in the value of Medco reports sales in 2017 compared with 2016.

The UK Medico-Legal and Insurance Market Briefing is the second edition of an annual Legal Market Briefing from the author and provides an overview of the market for medico-legal and insurance service. This market offers two main types of services to legal services providers, insurers and employers: Medical expertise (ME), i.e. medical expert witnesses and medico-legal report writing; and Rehabilitation and allied medical services (RAMS), i.e. medical services to rehabilitate and help an injured or ill individual.

The range of players in the MLIS market is large, ranging from thousands of individual medical practitioners up to companies which are part of national and international claims management, claims processing and legal services companies. While some companies in the market operate across both segments, others specialise fully or mainly in just one segment. The companies operating in the market include those that are fully independent, those owned by insurance companies, those owned by legal services companies and captives (of insurers or legal firms).

The report discusses the key drivers of the market from medical, economic and legal perspectives and profiles a number of key companies active in the industry. It also outlines how legal and other changes will shape the market in the future.
 
The UK Medico-Legal and Insurance Market Briefing is one of a series of briefings produced each year, with others covering UK Family Law, Conveyancing, Personal Injury, Wills & Probate and Commercial Law.

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FEATURED COMPANIES

  • Broadspire Rehabilitation
  • Exam Works/Premex
  • Injury-QED Ltd (I-QED)
  • IPRS Group
  • On Medical Ltd
  • RehabWorks Ltd
  • MORE

1. EXECUTIVE SUMMARY                                       

  • Market Structure
  • A market worth over £700 million
  • A future which will be adversely impact by legislation

2. INTRODUCTION                                           

  • Definition
  • Medical Evidence (ME)
  • Rehabilitation and allied medical services (RAMS)
  • The target market
  • Abbreviations

3. MARKET STRUCTURE                                       

  • Three principal players
  • New method of claims reporting and medical evidence gathering

4. MEDICAL AND ECONOMIC DEVELOPMENTS AND DRIVERS                       

  • Physical and psychological rehab are worth paying for
  • Physical and psychological RAMS services improve medical outcomes
  • The Rehabilitation Code
  • Some case managers feel law firms and claimant families do not always act in their client’s interests
  • Whiplash Fraud, a focus of policy
  • NHS a provider and competitor to RAMS providers
  • Today’s labour market: a positive and negative driver of demand
  • The number of people suffering from RTA injuries declines
  • And the number of workplace injuries is also falling

5. LEGAL DEVELOPMENTS AND DRIVERS                               

  • Civil Cases drive the demand for medical expert witnesses
  • The good, the bad and ugly of medical expert reporting
  • The Jackson Report defines the new legal framework for PI and clinical negligence cases
  • Jackson reforms, Mark II
  • Government moves to limit the number of PI claims
  • More litigants in person could cut expert witness work
  • E-working in the civil courts: Expert witnesses are broadly positive
  • Being an expert witness is not getting any easier
  • But hot tubbing will not be the new default procedure for giving evidence

6. THE KEY PLAYERS                                       

  • AIG Medical Management Services
  • AMG Consultancy Services ltd
  • Bodycare Clinics Ltd/ Doctors Chambers (UK) Ltd
  • Broadspire Rehabilitation
  • Bush & Company Rehabilitation
  • Exam Works/Premex
  • FL360 companies (Corporé -TTN, Speed Medical Examination Services)
  • Health & Case Management Ltd (HCML)
  • IPRS Group
  • The Integrated Care Clinics Ltd (TICCS)
  • Injury-QED Ltd (I-QED)
  • MAPS Medical Reporting, formally Medical and Professional Services Ltd
  • On Medical Ltd
  • Premier Medical (formally Capita Medical Ltd)
  • RehabWorks Ltd
  • Slater & Gordon Solutions
  • Other providers

7. MARKET SIZE AND TRENDS                                   

  • A £700 million+ market
  • The addressable market for MLIS continued to declines
  • But only 80,000 individuals in RTAs likely to be the core market for RAMs and medico-legal reports
  • Almost 600,000 involved in RTAs may need Medco-reports
  • Medco reports generate almost £90 million in revenue in 2017
  • The nature of expert witnesses work changes
  • Because few personal injury or clinical negligence claims ever get to trial

8. THE FUTURE                                           

  • Government reforms will dent the market
  • With hidden dangers potentially surfacing
  • Expert witnesses will need to embrace technology
  • Continued new opportunities in the occupational health sector

9. ASSOCIATIONS                                           

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  • AIG Medical Management Services
  • AMG Consultancy Services ltd
  • Bodycare Clinics Ltd/ Doctors Chambers (UK) Ltd
  • Broadspire Rehabilitation
  • Bush & Company Rehabilitation
  • Exam Works/Premex
  • FL360 companies (Corporé -TTN, Speed Medical Examination Services)
  • Health & Case Management Ltd (HCML)
  • IPRS Group
  • Injury-QED Ltd (I-QED)
  • MAPS Medical Reporting, formally Medical and Professional Services Ltd
  • On Medical Ltd
  • Premier Medical (formally Capita Medical Ltd)
  • RehabWorks Ltd
  • Slater & Gordon Solutions
  • The Integrated Care Clinics Ltd (TICCS)
Note: Product cover images may vary from those shown
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