The MIG undertook work looking at the calculation of damages for personal injury, and at the methods by which these could be paid

Key objectives:

  • To focus on issues relating to awards in respect of damages and personal injury.

Outputs:

  • The law on damages. Department of Constitutional Affairs Consultation Paper CP 9/07. Response from the Actuarial Profession. Aug 2007
  • Lord Chancellor's Department consultation document. Damages for future loss. Giving the courts the power to order periodical payments for future loss and care costs in personal injury cases. Consultation by the Lord Chancellor's Department. Joint Response by the Institute and Faculty of Actuaries and the Association of Consulting Actuaries. Jun 2002
  • Alternative approach to lump sum damages awards. Seminar and debate on a possible alternative approach to lump sum damages awards. During the meeting the following motion was voted on: The needs of victims and society would be better served by courts having the power to make income or benefit awards. This would be more effective than awarding lump sums. This was carried almost unanimously. Mar 2000.
  • Slides
  • Damages: Personal Injury Awards. Discussion paper for a seminar in 1997. (Please note that some of the graphs are missing from this version.)
  • Lump sums to periodic payments and beyond.  Damages working party conference, 7 March 2005.  Discussion papers and presentations.

Related documents

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    In April 2021, the CMI Assurances Committee published Working Paper 150, as a consultation on the proposed “16” Series tables for mortality (including terminal illness) and for accelerated critical illness under non-rated term assurance policies, based on 2015-2018 data. This webinar will provide an overview of the dataset, describe the methodology used to produce the tables, and explore additional analysis of the tables.

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    The webinar will look at several aspects of intergenerational fairness and our panel of experts will challenge you, society, taxpayers and generations X, Y and Z on key aspects of DB v DC pensions, public v private sector pensions, state benefits and key aspects of sustainability.

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    16 June 2021 - 22 June 2021
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    This session will explore how the new index has revealed previously uncaptured mortality inequalities by using predictive variables at a high degree of granularity. Globally renowned leader in actuarial science Professor Andrew Cairns and his co-investigator Torsten Kleinow will demonstrate the uses of new LIFE index such as the causes of high or low mortality and regional differences in mortality.

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    Following his presentation, David Rooke will be joined by Stephen Mann, CEO at the Institute and Faculty of Actuaries and Anusha Thavarajah, Allianz’s Regional Chief Executive Officer, Life and Health for Asia Pacific for a panel discussion around the themes of the session The panel will be chaired by Tan Suee Chieh.

  • Asia Conference 2021 webinar series

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