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International Underwriting Association Periodical Payment Orders Study 2011 Update

Explore the latest assessment of damages in the insurance industry, focusing on periodical payment orders. The study covers data samples, disability ratios, costs, mortality rates, PPO propensity, and legal trends in large loss claims. Key findings include trends in PPO adoption and judicial involvement. Learn more about the interplay between PPOs, claimants' attitudes, and discount rate updates.

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International Underwriting Association Periodical Payment Orders Study 2011 Update

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  1. Update on Assessment of Damages Name: Graham Dickinson Title: Partner

  2. Periodical Payment Orders Update

  3. International Underwriting Association Periodical Payment Orders Study 2011 The Numbers ….. 3

  4. The Data Sample 14 Insurers 4 Claimant Law Firms 5 Barristers 3 IFAs 4

  5. The Data Sample 0 Reinsurers Defendant Lawyers 0 5

  6. The Data Sample Insurers 488 930 NHSLA DWF 53 Completed Orders 2008-2011 6

  7. Disability Ratios 3 - 1 7

  8. The Cost Lump Sum Average £1,371,600 PPO £75,758 8

  9. Mortality 5 _________ 300 9

  10. PPO Propensity PPO propensity % Number of large claims 2008 2009 2010 PPO Propensity Number of large claims Source: GIRO Working Party 2011 10 DWF LLP Large Loss Claims Conference 2011

  11. Summary 11 Prevalence day to day Attitude of claimants’ lawyers and claimants themselves Indices Judicial involvement

  12. Discount Rate Update Continued • Interrelationship with PPOs

  13. Questions and Answers 13

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