Periodic Payment Orders Discussion Workshop
The General Scheme of the Civil Liability (Amendment) Bill in relation to Periodic Payment Orders will introduce a new model of Periodic Payment Order whereby a Court could decide that catastrophically injured people can receive the cost of future care in the form of index-linked annual payments instead of a lump sum award.
This workshop will facilitate discussion on the implications of this bill for actuaries. Topics to be addressed will include:
- Specifics of a PPO
- Valuation of PPO claims covering open and future potential claims.
- Reinsurance issues including capitalisation clauses
- Investment issues
- Regulatory and GAAP accounting issues
- Impact on claim development triangles