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ABI welcomes Discount Rate announcement

Responding to the announcement by the Lord Chancellor on personal injury compensation reform Huw Evans, Director General of the ABI said:

“This is a welcome reform proposal to deliver a personal injury discount rate that is fairer for claimants, customers and taxpayers alike. The reforms would see the discount rate better reflect how claimants actually invest their compensation in reality and will provide a sound basis for setting the rate in the future. If implemented it will help relieve some of the cost pressures on motor and liability insurance in a way that can only benefit customers.”

Last updated 07/09/2017