Reinsurance News
whiplash claims
Whiplash reforms might drive a surge in reported motor claims
16th December 2019
Ahead of the implementation of the delayed Whiplash Reforms, now set to be introduced in April 2020, there might well be a surge in reported motor claims, according to Chairman of the Society of Claims Professionals, Sue McCall. The UK Government announced previously that the Soft Tissue Injury Claims reforms – ... Read the full article
Whiplash reforms delayed, soft motor insurance pricing now looks premature
27th July 2018
Insurers’ anticipatory price cuts in response to claims savings expected from the UK’s proposed whiplash reforms may have been premature following the government’s abrupt decision to delay changes by an entire year, from April 2019 to April 2020. The government’s decision to delay the Soft Tissue Injury Claims reforms - commonly ... Read the full article
UK motor premiums fall ahead of whiplash & Ogden reforms: Fitch
20th April 2018
Fitch Ratings has reported that UK motor insurance premiums appear to be declining as re/insurers anticipate reforms to curb whiplash claims and revise the Ogden discount rate, which will reduce lump-sum payments for long-term care costs and lost earnings. UK motor premium prices have risen for the last three years, ... Read the full article
UK gov introduces Bill targeting Ogden rate and whiplash reforms
20th March 2018
The UK government's Ministry of Justice has announced intentions to introduce the Civil Liability Bill into the House of Lords, which is designed to address needed reforms to both the Ogden discount rate and whiplash claims. In early 2017, the Ogden rate (also known as the Personal Injury Discount Rate, and ... Read the full article
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