Sitting with Sue - insurance questions answered
Sitting with Sue insurance questions answered - listen and learn from an insurance industry professional with a breadth and depth of knowledge as she chats to her amazing set of contacts. Sue is bringing her depth of knowledge gained in over 45 years in the insurance industry gleaned as an underwriter, broker and claims consultant. Sue introduces you to her wide network of contacts across all aspects of the industry discussing a wide variety of topics. Whether discussing the technical aspects of Business Interruption Insurance or Catastrophic Injury Claims. or exploring a subject close to her heart which is mentoring. Sue is a trainer of insurance personnel in particular those taking their CILA exams and is an insurance broking expert witness. She therefore understands the need for insurance from the time of inception, through the claim process and then what can go wrong and result in litigation.
Sue is also a well established author having contributed to numerous industry text books and is a prolific public speaker not only on the technical aspects of insurance but also in relation to her experiences on having been a leading light in respect of inclusion and diversity in The City.
She has developed a suite of podcasts to help students of CILA Certificate and Diploma Exams
#INSURANCE,#LOSSADJUSTING,#LOSSADJUSTERS,#CLAIMS,#LOSSADJUSTINGEXAMS,#CILACERTIFICATE,#CILADIPLOMA,#INSURANCECLAIMS,#CATASTRPOHICINJURYCLAIMS,#MENTORING,#INSURANCEINDUSTRY,#INSURANCECLAIMS
Sitting with Sue - insurance questions answered
Understanding the Personal Injury Discount Rate with Thom Lumley
In this episode of Sitting With Sue Insurance Questions Answered, host Sue Taylor interviews Thom Lumley, a partner at RPC specializing in UK casualty bodily injury claims. They discuss the personal injury discount rate, a metric used to calculate compensation for major injury claims. The rate, set by the Lord Chancellor and influenced by actuarial tables like the Ogden tables, aims to balance the risk of over or under compensation of claimants. Thom highlights the recent change in the discount rate to 0.5% as of January 11th and its implications for compensators, including potential adjustments in premiums and increased use of periodical payment orders (PPOs). They also touch on the broader impact of world events on the UK insurance industry.
Visit my website at www.suetaylor.co.uk
