Ogden change could save (re)insurers $3.3bn: EY

UK government proposals to reform the way the Ogden rate is
calculated could save the (re)insurance industry £2.5bn
($3.3bn), according to Ernst & Young (EY).
The Ministry of Justice said earlier todaythe government had drafted legislation that would, based on
current conditions, translate into an Ogden rate of between 0
percent and 1 percent.
The bill has yet to be approved by parliament and the changes
are unlikely to take effect for several months.EY had earlier this year...