Is the Lord Chancellor adding insult to injury claims?
The Lord Chancellor’s shock decision to slash the discount rate used to calculate personal injury payments (the “Ogden rate”) from +2.5% to -0.75% has hit insurers hard, costing the industry billions of pounds.
How we can help
We work with insurers to help them better understand and manage the risks they face and their capital requirements.
We help organisations to unlock business value from their Solvency II processes.
LCP InsurSight is an analytics and automated trend identification tool for general insurance companies.
We provide an alternative, external view on the best estimate level of reserves for insurers and also help them understand the key drivers of variability around that best estimate.
We help our insurance clients to develop strong links between their strategy, capital management and risk management processes, improving their chances of business success.
Our business-focused approach to validation can help you be confident that your insurance models are robust, and that you are meeting regulatory requirements.