All Discount rate articles
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News
Law firm fears detrimental impact of potential discount rate change in Northern Ireland
The personal injury discount rate in Northern Ireland currently stands at 2.5%
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Online only
Motor insurers preparing for reinsurance rate hike as Ogden hits hard
Rates for motor excess of loss policies could rise by as much as a fifth at the 1 January renewal date
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Agenda
Lawyers claim victory on Ogden rate change
Personal injury lawyers say the change to -0.25% ensures injured people receive a fair amount of compensation
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Agenda
Will the Civil Liability Act succeed where others have failed?
Insurers and brokers should expect a big surge in claims ahead of the latest round of whiplash reforms and, once the new portal comes into place, prognosis shift and an attempt by CMCs to reposition themselves
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News
Government sets deadline for decision on Ogden change
The government is starting a review of the discount rate today
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News
Motor premiums hit highest level for Q1 since tracking began – ABI
Civil Liability Bill progress and new car registrations could be leading to lower premiums compared to Q4 last year, but Q1 premiums are still at their highest level since the ABI began tracking them
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News
Industry 'must double its efforts' to get Civil Liability Bill through, says ABI boss
ABI director general Huw Evans is confident of the Bill passing through parliament but says the industry needs to “double its efforts”
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News
Senior UKGI figures reflect on the discount rate cut one year on
Senior figures in UKGI reflect on the controversial discount rate cut decision on its anniversary
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Online only
Discount rate cut anniversary: A social media storm
When the discount rate was cut to -0.75% a year ago, the industry took to social media to vent its frustrations. Insurance Times looks back at the industry reaction.
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News
Infographic: A year on - the discount rate cut
An infographic explaining the discount rate cut and reforms and the timeline so far
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News
Government must act over “broken system” as costs to motorists mount – ABI
Personal injury and discount reforms must be “urgently” be pushed through, the ABI has warned.
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News
QBE to seek “opportunities” in post-Ogden motor market
Pryce confirms QBE’s internal Ogden rate assumption is set to 0.25%
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News
2018 predictions: Motor insurance “firmly back in the black" - EY
EY UK general insurance leader Tony Sault predicts a bit of welcome relief for the motor insurance industry in 2018. However, things are not looking up for the home insurance market.
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News
Speedy discount rate reform needed as motor claims costs rise - ABI
Insurers see an expensive third quarter for motor claims costs, as the ABI pushes for speedy discount rate reforms
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News
Jon Dye: No guarantee that Ogden change will kick in next year
Allianz UK chief executive Jon Dye says new Ogden legislation could be delayed by Brexit
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News
Ogden rate change timeline 'optimistic' – lawyer
Ministry of Justice spokesman Lord Keen has set early 2018 as the target date for new Ogden rate legislation to be put in place, but Weightmans partner thinks this may be optimistic
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News
Ogden continues to weigh on Ageas UK as nine-month profit halves
Ageas UK hails improved quarter-on-quarter performance despite Ogden hit
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News
New Ogden law could save industry billions – EY
Insurers and reinsurers could reap big benefits from new Ogden law
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Online only
Ogden u-turn: a bitter-sweet victory for insurers – briefing
Insurers should not celebrate the Ogden u-turn just yet
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News
Ogden rate to be reviewed regularly under new law
Government reveals big change to how Ogden rate will be set in future