Opinion: Discount dash

The UK government has defied the more pessimistic assumptions that
it had kicked the Ogden reforms into the long grass following Prime
Minister Theresa May's election own-goal.
The Ministry of Justice's publication yesterdayof draft legislation to reform the discount rate was a massive
fillip for the industry after a 3.25 percentage point cut in the
discount rate caused reserving mayhem for primary carriers and
reinsurers - and premium rate misery for consumers.
The plan is that the methodology