Broking Break - Your Top 5

Ten dice displaying the number five
5 - Industry welcomes Ogden rate reform proposals

The British Insurance Brokers’ Association (Biba) has welcomed the government’s proposed changes to how the Ogden rate is set and called for a “speedy timeframe for implementation”. 

The measures announced by the Lord Chancellor David Lidington, which will need to be approved by Parliament under new legislation, could see the rate - also known as the discount rate - move up to in the region of 0% to 1%.

Under the proposals the rate will be review

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: