The Ogden discount rate is crucial for insurers and reinsurers for pricing and reserving for UK bodily injury claims. This year, the Ministry of Justice issued a call for evidence on the possibility of introducing a dual or multiple rate. This coupled with the deadline for the new rate to be announced in 2024 is causing many CEOs, CFOs, and chief actuaries to query what the rate should be now and for year-end, and whether it will be a single or multiple rate.

The working party will share:

insights on the call for evidence
expectations for the future direction of the discount rate including scenario estimates
results of its comprehensive survey of the industry
Andrew Corner, PwC; Mohammad Khan, PwC; Grant Mitchell, Soteria Insurance