Ogden Rate Update

Brokers/Insurance company staff if you do not understand the long-term implications of a negative Ogden in the marketplace then you will be failing your clients – this presentation will help you understand why Parliament’s decision to create and stick with a negative Ogden rate has an impact on ALL major liability injury claims. Even the traditional EL limit of £10m is now looking too small let alone PL limits of £2m.

This presentation will explain in plain English what Ogden is, and by way of examples, demonstrate why brokers need to be advising their clients on taking out larger limits of indemnity going forward.

Learning Objectives

Delegates will be able to:

• Understand the history of the Ogden rate.
• Understand how the Ogden rate change is causing significant premium increases.
• Understand why it is essential that brokers inform their clients that existing limits of indemnity may not be enough going forward, even on EL.

Speaker Overview

This presentation will be delivered by Alan Chandler, Chartered Insurer, one of the most popular presenters in the UK, and he will outline why failure to talk through Ogden with you clients could lead to E&O exposures for brokers. Remember you advise on future protection not the past!