Motor insurers braced for Odgen rate change

Insurers could face additional earnings pressure and further
reserve strengthening as a result of a cut to the so-called Ogden
rate, which is expected to be announced later this month.
The UK government is expected to slash the 2.5 percent discount
rate that is shaved off lump-sum personal injury compensation, with
an announcement by Lord Chancellor Liz Truss due imminently.
The expected change has been long-delayed owing to an ultimately
unsuccessful legal challenge from the Association of Brit