This market briefing will consider analysis undertaken by IFoA working parties in respect of UK motor claims and Periodical Payment Orders (PPOs).

Description

At this IUA market briefing, our speakers will present on two pieces of important research undertaken by working parties of the Institute and Faculty of Actuaries (IFoA).

Attendees will be provided with fundamental information and hear debate on important factors influencing the UK Motor and Liability insurance markets. Understanding these issues is of critical importance to insurance/reinsurance managers, underwriters, pricing, reserving, capital actuaries and claims teams.

This includes considerations from the eleventh iteration of the Institute and Faculty of Actuaries Third Party Working Party for Private Car Comprehensive experience, in addition to the Working Party’s traditional analysis of trends in frequency, severity and burning cost for:

• third party bodily injury claims
• total third party property damage; and
• total own damage claims

compared and contrasted with environmental and legislative changes, they have also considered the significant impact the current COVID-19 pandemic.

Speakers

• Simon Black, Head of GI Economic Capital, Aviva
• Robert Treen, Director, Insurance Consulting and Technology, Willis Towers Watson
• Patrick Tingay, Senior Consultant, Willis Towers Watson
• Chris Francis, Senior Actuarial Analyst, Willis Towers Watson