And this figure is a significant underestimation if you take into account those claims that are deemed "honest" but are not.

My wife was the subject of a crash and whiplash claim recently. While it was perfectly obvious that the claimant was massively over exaggerating the claim, the major brand insurer agreed to pay out, presumably for an easy life.

The Greeks famously said "You get the Democracy you deserve". Do you also get the Insurance you deserve?