The recent growth in ICBC claims costs

FINANCIAL TRENDS FROM 2011 TO 2015

In the last five years ICBC’s total expenditures have increased by approximately $1.3 billion, or 33%. Expenditures in the compulsory Basic program have risen by $1.0 billion (up 42%) while those for the Optional program are up by $280 million (19%).

Occasional Paper No 3 30 July 2016