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The impact of Ogden Tables on UK personal injury awards

Author:
Craig T Pettengell
Source:
General Insurance Convention 1996
Publication date:
02 October 1996
File:
PDF 235.38 KB
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Document description

Certain classes of insurance. including Motor, Employers Liability and Public Liability, potentially face a dramatic increase in the cost of large claims due to the widespread adoption of the Ogden tables in the assessment of UK Personal Injury Awards. This is likely to affect reserves as well as the profitability of ongoing business. The workshop will include a presentation of the historical development of this issue, including an update of the current debate, an analysis that was performed to quantify the impact of the tables and a lead in to a discussion.