Since 2005, UK courts have had the power to award a portion of the settlement of large personal injury claims as a series of index-linked annual payments throughout the lifetime of the claimant, rather than the traditional, single lump sum.
Although take-up was slow initially, the number of periodical payment orders (PPOs) has increased during the past four years. As these liabilities become more material on insurers’ balance sheets, they present a number of challenges for companies.
For a start
The week on Risk.net, July 14–20, 2017Receive this by email