Analysis

Green parts strike environmental and economic gold – so why are insurers holding back?

By 2021-09-23T12:35:00

green parts, gold

As the UK focuses on minimising CO2 emissions, the insurance industry can contribute and ’reset the goalposts’ around repair processes and parts manufacturing

With events like Brexit and the Covid-19 pandemic hitting car part production lines and supply chains, the recycled or green parts market has finally been able to take centre stage and help grease the wheels of the repair process as the manufacturing and logistics sectors ground to a halt.

Therefore, now is the ideal time for insurance firms to ”re-educate” themselves on how to do business “differently” to better utilise the currently immature green parts market to reap both economic and environmental benefits, according to Cogent Hire founder and managing director Kirsty McKno.

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