In-depth - liability: Breaking free
The change in the Ogden discount rate has had a large impact on the liability market, but there are more factors at play in this fast-moving sector, Ed Murray writes
Premiums for combined liability insurance policies hardened in the last quarter of 2017, according to the latest Acturis Premium Index. This builds on rises in the previous two quarters, but many remain cautious about sustained increases in such a competitive sector.
The change to the Ogden discount rate was the front-page headline in the liability market last year. The box below looks at the impact it had and the ongoing consultation to have it revised again.
But the liability market is
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