Discount rate
Consultation on discount rate launched
Insurance industry says the release of the paper is an important step forward in helping to get a fair, modern way to set the rate.
Insurers reaction to discount rate doesn't reflect well on profession, says Arag
The insurer's managing director said the the ABI's focus on the 'crazy' decision "showed no compassion" to injured victims.
Chancellor and ABI chief issue joint statement on discount rate
ABI and fifteen insurance bosses involved in discussions in Downing Street.
Insurers descend on Chancellor to fight discount rate cut
The market has warned that the “crazy” change could see some motor premiums rise by £1,000.
PwC warns of motor rate hikes up to £1,000 after discount rate cut
Specialists note that SMEs will also be hit by increased rates.
ABI slams “crazy” decision to cut discount rate to minus 0.75%
Trade body warns that up to 36 million customers could face higher premiums after the decision.
Insurers hit as discount rate cut from 2.5% to minus 0.75%
The new rate will be effective 20 March 2017.
News analysis: Insurers gear up for discount rate change
Fears raised that premiums will rise and consumer churn may increase
Discount rate a "pressure cooker waiting to blow" says Willis Towers Watson
If Ogden rate is changed to -0.5% cost of providing car insurance will rise by £700m per year and the one-off reserve charge could hit £4.9bn.