Periodic payment orders (PPO)
Spotlight on periodical payment orders: The benefits of transferring PPO risks to a life insurer
Start-up life insurer AUL Assurance is targeting general insurers, offering them an opportunity to reduce their exposure to periodical payment order risks. What are the benefits of such transfers and why might the recent ASHE inflation figures make this option more attractive in the future?
Willis Re's Turner on why PPOs are ceasing to be a threat
The legal environment for the settlement of serious injury claims in the UK changed radically with the introduction of Periodic Payment Orders.
PPO levels remain low, Aon survey reveals
The volume of Periodic Payment Orders remains low, according to a motor insurance study published by Aon Benfield.
Expertise from A-Z: Casualty - Into the unknown
The casualty landscape is ever-changing. Insurers and brokers must be aware of all developments when giving advice
Falling PPOs could bring good news for motor insurers
Motor insurers could see a strengthening of their position in coming cycles with one of the key factors inflating re/insurance prices levelling off for the first time.
PPO damages ruled out by judge on RSA split liability case
A High Court judge has ruled that a periodic payment order is not be an appropriate form of damages where there is a significant liability split.
Claims Club News: Periodic payment orders tipped to make up a third of insurers’ liabilities
Periodic payment orders could account for a third of insurers’ future liabilities amid increasing frequency in bodily injury claims, according to KPMG non-life actuarial partner David Brown.
Claims Club Monthly Missive: Driverless cars, connected homes and PPOs
From Tennessee to London, over the past few months I have heard a considerable amount about the future of insurance.
Claims Club News: UK firms told to keep an eye on Ireland for PPO regime improvements
UK insurers hoping to see improvements in the periodical payment order regime should carefully monitor a review of PPOs taking place in the Republic of Ireland, according to BLM partner Joe Wakeford.
Post Blog: Six reasons you cannot miss Claims Club meeting 3
Next month the Post Claims Club returns with its third quarterly meeting.
PPO injury research to help insurers with future risk
The Institute and Faculty of Actuaries has developed a new categorisation for serious spinal and brain injuries aimed at helping insurers better estimate future liabilities.
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
North of the border: Taking steps on civil claims
The Scottish government plans to increase the limitation period from three years to five years.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
PPOs a “ticking time bomb” says legal expert
Periodic payment orders represent a “ticking time bomb” for injury lawyers and insurers alike, according to one speaker at the Association of Personal Injury Lawyers’ annual conference.
Insurers miss opportunity to voice opinions on EU consultation on PPOs
The UK’s general insurance sector has failed to engage with a consultation on setting Solvency II liability rules, despite a European Union recommendation that 20% of the sector should contribute for the study to be credible.
Law report: Appeal Court rules on PPO dispute
This law report has been contributed by law firm Berrymans Lace Mawer.
Periodical Payment Orders: Unhappy New Year
Periodical payment orders gave motor insurers a headache in the renewals season as reinsurers struggled to come to terms with them.
UK motor insurers exit "bloodiest" renewals period amid PPO concerns
The UK motor insurance market has witnessed the close of a testing reinsurance renewals season driven by wrangling over excess-of-loss cover and periodic payment orders, with reinsurers keen to limit their liability.