Implementing dual PI discount rate could be ‘complicated’
Speaking at an Association of British Insurers event, a panel of experts agreed that while a dual discount rate could lead to better accuracy, it could prove to be very complicated to work with.
The PIDR, which is due for review by July 2024, is a single rate that currently sits at -0.25% following the passing of the Civil Liability Act in 2018.
However, in January, the Ministry of Justice
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