The Ministry of Justice consulted on possible changes to the discount rate used for the calculation of lump sum. The IFoA responded to the consultation
This discussion event will look at the rationale for the IFoA’s response. Presentations and discussions will also consider the impact on PPOs, insurers and the public purse.
The IFoA’s response can be found here - IFoA response to the Ministry of Justice - 'The personal injury discount rate: how it should be set in future'.
The format of the session will be a panel discussion, after which the audience can join the debate and ask questions.
The panel will be moderated by Martin Noble, Chair of the IFoA’s General Insurance Board.
The following panellists will be introducing a number of topics, including:
| Panellist | Topic |
| Charles Cowling, Chair International Board, Director at JLT | IFoA views on the personal injury discount rate |
| Peter Saunders, IFoA PPO Working Party Chair, VP Actuary at Chubb |
What will be the impact of a discount rate change on PPO propensity? |
| Aidan Smith, Head of technical and professional at GAD | What is the impact on the public purse? |
| Martin White, IFoA General Insurance Board member |
What is the impact on insurers? |
Event organiser
Contact Events Team for more information.
eventmanagement@actuaries.org.uk
0207 632 1498
| 16.15 -16.30 | Registration |
| 16.30 - 18.30 | Programme |
| 18.30 - 19.30 | Refreshments |
The event will be held under Chatham House rule
Location
Address
Staple Inn Hall, High Holborn, London, WC1V 7QJ
Nearest Public Transport
Chancery Lane Underground Station