The new GTA rates came into effect for all new hires commencing on or after 1 June 2008. These are 3.5% higher than the previous maximum rates.
Attention now turns to:
- GTA governance and, in particular, resolving issues when CHOs and insurers are in dispute.
- Looking at possible new mechanisms/formula to use for future rate reviews.
- Trying to drive administartion costs out of the GTA arrangemnents to the benefit of insurers and CHOs.
Credit hire companies interested in these issues and in the market generally, are welcome to contact me to find out more about the benefits of joining AMA.
Tony Baker
Director General, AMA
The Accident Management Association is the trade association for accident management companies. Members provide services to motorists involved in accidents that are not their fault. These services include replacement vehicle hire, vehicle repair and legal expenses insurance.
There are 29 full members who are estimated to account for approaching 70% of the credit hire/credit repair market in the UK.There are 12 Associate members. They supply services to accident management companies such as legal services and fleet car hire.
The AMA is increasingly recognised by insurers, trade associations, regulators and the media as the focal point for consulting and finding out the views of accident management companies. Enquiries from prospective members are most welcome. Annual subscriptions are just £600 per £1 milliom of gross turnover.
Contact:
Tony Baker Director General, AMA
Email: thetonybaker@gmail.com
The Accident Management Association provides a service to accident management companies by helping to establish a favourable operating environment, by providing a forum for discussion on non-competitive issues, and by providing information to assist them in their business.
Click here for our online application request form
