The Ogden Discount Rate Working Party investigates key issues relating to the Ogden discount rate and its effects on the UK (re)insurance industry.
Key objectives
• considering issues and methodologies actuaries may need to allow for in respect of the core actuarial disciplines: this will include reserving, pricing, capital, and reinsurance
• considering and understanding the uncertainties and sensitivities associated with the assumptions underpinning the methodology used to advise on the setting of the discount rate
• supporting transparency by reporting on findings in a way that is not intended to influence the future setting of the personal injury discount rate
• developing a framework for estimating a forward-looking view of the Ogden discount rate
Chair: Mohammad Khan
Established: 2020
Published content:
- Ogden Working Party GIRO 2023 Slides
- Ogden Working Party GIRO 2023 Slides
- Ministry of Justice Dual Rate Consultation Paper 2021
personal injury
discount rate