Archive

  • LCP's Charl Cronje joins expert Ogden rate panel

    28 June 2023

    A response to the UK government's consultation on a possible dual/multiple Ogden rate is expected by July

  • Beware behavioural bias in insurance reserving, actuaries warn

    14 October 2022

    Insurance consultancy LCP polled UK senior actuaries on the issue and ways to address it

  • Double-edged sword for UK insurers as mini-budget spooks markets

    23 September 2022

    British gilt yields surge, and pound falls sharply, as Chancellor Kwasi Kwarteng unveils tax cuts

  • Technology investment dropped as a focus for insurers in 2021

    20 December 2021

    LCP polled general insurance non-executive directors about their priorities

  • Justice Committee's Ogden advice raises fear of further delay

    30 November 2017

    MPs have told the government it must face the "real world" when implementing the new personal injury discount rate. But its recommendations may cause more delay to the process, and pain for insurers as the industry tussles with making appropriate assumptions. Paul Walsh reports

  • The 'winners' and losers from the Ogden rate change

    20 June 2017

    Insurers with lower retention rates increased their motor market share in Q1 as others were forced to raise prices faster. They are, however, likely to be hit harder during their reinsurance renewals, and the profits lost across the entire sector could reach £3.5bn. Callum Tanner reports

  • The ongoing ordeal of Ogden

    11 April 2017

    The change to UK's damages discount rate came as a huge surprise to many insurers. But this is far from being a one-off shock. Christopher Cundy reports

  • Insurers tussle with Ogden rate assumptions

    15 February 2017

    The UK government is due to announce a revision to the damages discount rate – at the same time as insurers are preparing their annual reports. Christopher Cundy reports

  • UK insurers brace for shock to motor and liability reserves

    08 December 2016

    Government decision on discount rate review due by 31 January

  • Top tips for top-down validation

    07 July 2016

    Boards have struggled to get comfortable with validation of internal models. LCP's Charl Cronje suggests some ideas that may help