AXA Business Insurance

AXA Business Insurance

August 15, 2013 05:38 ET

Bad Van Day...Claims Data from AXA Business Insurance Suggest Van Drivers Should Take Extra Care on a Monday

LONDON, UNITED KINGDOM--(Marketwired - Aug. 15, 2013) - According to data from AXA, one of the UK's largest insurers, driving a van on a Monday brings with it a 15 per cent greater risk of having an accident than on a Friday. The data shows that there is a gradual decline in van accidents as the working week progresses with Monday the worst day and Friday the best. But if you really want to avoid a prang, the weekend is the time to drive with a 50 per cent drop off in accidents.

The data is in direct opposition to private motorists where, according to AXA claims data, the likelihood of an accident gradually increases during the working week with Friday the worst day and Monday the best, with a 13 per cent lower risk of an accident on a Monday. Again the weekends are significantly better than the rest of the week.

In trying to understand the pattern of claims, AXA polled several hundred van drivers1 about their worst day of the week and over half claimed it was a Monday, while the second worst day was a Friday. Thursdays were seen as the best day of the working week by some margin. Darrell Sansom says: "It's difficult to say for certain why we see these patterns in claims. The Monday blues seem to be prevalent among van drivers, and psychologically this could mean more aggressive or careless driving. However, it could be that people are more likely to take the day off work at the end of the week so there are fewer vans on the road on a Friday. Whatever the reason, we suggest that van drivers are just that bit extra cautious when they take to the road on a Monday!"

Notes to Editors

About AXA Business Insurance

AXA Business Insurance is part of AXA Insurance UK plc, which belongs to the AXA group of companies. With us, you choose the business insurance that's right for you. We offer public liability, employers' liability and professional indemnity insurance online to start ups, sole traders, self-employed people and small businesses. In addition we offer van insurance and landlord insurance. AXA Business Insurance also runs Business Guardian Angel which provides resources to help protect and grow small businesses.

You can follow AXA Business Insurance on Twitter @AXAbizteam, for business insurance help, and @AXABizAngel, for the latest business news. You'll also find AXA Business Insurance on Google+ and Facebook – and you can watch expert guides and business case studies on the AXA Business Insurance YouTube channel.

1 Research was carried out on-line in June 2013 among 300 van drivers

About AXA

The AXA Group is a worldwide leader in insurance and asset management, with more than 160,000 employees serving 102 million clients in 57 countries. In 2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 4.3 billion. AXA had Euro 1,116 billion in assets under management as of December 31, 2012.

In the UK AXA operates through a number of business units including: AXA Wealth, AXA Commercial Lines and Personal Intermediary, AXA Personal Direct and Partnerships, AXA PPP healthcare, AXA Ireland and an independent distribution business Bluefin. AXA employs over 10,500 staff in the UK.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.

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