Discount rate
ABI calls on government to defuse 'discount rate bombshell'
The Association of British Insurers has called on the government to take action against motor claims costs as premiums reach record levels for almost all age groups.
Government will not intervene on rising motor premiums, City Minister confirms
The government will not intervene to curb rising motor insurance premiums, the City Minister has confirmed.
This Week in Post: Outdated and out of there
I was recently lamenting shortage of space in my toy-cluttered flat and a (childless) colleague mentioned the baby cages Victorian households used to hang out of their windows. “There were mercifully few deaths,” he joked, as I gazed at an online image…
Government looking to drop 'outdated' discount rate formula
The government is looking to move away from the “outdated” Ogden discount rate mechanism, the City Minister has said.
Blog: Brokers need to cross-sell more
Brokers need to exploit cross-seeling opportunities to protect their business, writes Nick Mohan, joint managing director at Jackson Lee Underwriting, pointing to gap insurance and other niche covers.
This Week in Post: The Queen's Speech, whiplash and a year on from Brexit
As Her Majesty the Queen delivered her all-important speech to open parliament, insurers had a lot to think about.
Marsh Networks’ David Hopwood on the seven issues a reduced discount rate creates for SME brokers
The Ministry of Justice’s decision to set a new discount rate for personal injury compensation awards at minus 0.75% seems likely to create turbulence in the market. Following widespread criticism, the government is currently reviewing feedback from its…
Live: Industry reacts to Queen's Speech
Latest commentary from the industry regarding the Queen's Speech.
Discount rate cut 'will push up motor premiums by 7%'
The cut to the Ogden discount rate will push up motor premiums by 7% by January 2018, according to analysis by ERS.
Legal Update: When the discount rate isn't so accommodating
A negative discount rate can have negative consequences for claimants, writes Andrew Parker, head of strategic litigation at DAC Beachcroft.
Motor Report docu-video - Fraud, driverless cars, young drivers and claims
The Motor Report is out - but what do the experts think of the findings?
Aviva's Rob Townend on removing 'easy money' from personal injury claims
Some are sounding the death knell of the personal injury reforms but Rob Townend, claims director at Aviva Insurance, explains why insurers must be alive to an increasingly aggressive claims management company industry.
Claimant lawyers resigned to future discount rate rise
Claimant personal injury solicitors expect the discount rate to move back up as a result of the government’s consultation.
Ogden change to cost industry £3.5bn
The change to the Ogden discount rate from 2.5% to negative 0.75% is predicted to cost the market £3.5bn across all lines of business.
Election result makes whiplash reform less likely to go through in proposed form
The general election result makes whiplash reform less likely to go through in its proposed form, experts said.
Liz Truss replaced as Justice Secretary in reshuffle
The architect of both the whiplash reforms and the discount rate cut, Liz Truss, has been replaced as Justice Secretary after less than a year in the role.
Ogden rate cut adds up to £1.72bn bill for insurers
Insurers have so far been hit with £1.72bn bill from the Ogden rate cut, with the full impact still to come.
Roundtable: Digital: Brokers - Surviving the digital age
At a time when regulation and taxes are weighing heavily on their operations, brokers find they have to adapt to the digital age. At a Post roundtable, in association with SSP, they discussed how they can leverage new technologies to better serve their…
This Week in Post: Manchester in our thoughts
The Manchester attack touched us all this week. Because we might live or work in the city. Because we might have visited recently. Or because we have, you know, a heart.
Motor Insurance World video: Ogden rate and credit hire
Catch up with delegates of the Insurance Post Motor Insurance World conference and find out who thinks what about both the Ogden discount rate and credit hire companies.
Mass's Simon Stanfield on the whiplash opportunity
The delay in whiplash reform should not be wasted, says Simon Stanfield, chair of the Motor Accident Solicitors Society, urging all parties to grasp the opportunity.
Tradex borrows £7m to meet Solvency II requirements after Ogden rate hit
Tradex has borrowed £7m from its parent to maintain its solvency capital position in the wake of the Ogden discount rate change.
Conservative manifesto could lead to reversal of discount rate decision says Apil
The reintroduction of whiplash reform if the Conservatives win the election could come with a reversal of the discount rate, the Association of Professional Injury Lawyers has warned.
Interview: Conor Brennan, Zurich UK
Zurich has seen a seismic shift in the last year. A group-wide restructure also saw a reworked operating model in the UK, with commercial, general insurance and life businesses under a single leadership.