Joint statement from the Chancellor of the
Exchequer, , and the Director General of
the Association of British Insurers, Huw Evans:
“Claimants must get the money they’re entitled
to following an injury in order to support their future
needs.
“It is important that going forward, personal
injury discount rates are set at a level that is fair to both
claimants and consumers.
“The government will progress urgently with a
consultation on the framework for setting future rates, and bring
forward any necessary legislation at an early
stage.
“The industry will contribute fully to the
upcoming consultation, and the government will carefully consider
all evidence and arguments submitted.”
Meeting attendees:
· , Chancellor of the
Exchequer
· , Economic Secretary to the
Treasury
· Huw
Evans, Director General, Association of British
Insurers
· , Group CEO, AVIVA
· Paul
Geddes, Group CEO, Direct Line Group
· David
Stevens, CEO, Admiral Group
· Tulsi
Naidu, UK CEO, Zurich
· James
Lenton, Chief Financial Officer, AIG Europe
· Stephen
Hester, Group CEO, RSA Group
· Amanda
Blanc, Group CEO, Axa UK&I
· Steve
Treloar, Managing Director General Insurance, LV=
· Jon
Dye, CEO, Allianz UK
· Andy
Watson, CEO, Ageas UK
· Steve
White, CEO, British Insurance Brokers Association
· Stuart
Vann, CEO, Esure
· Kevin
Spencer, Group CEO, Markerstudy
· Frank
O’Neill, CEO UK and Ireland, Swiss Re
· Bronek
Masojada, CEO, Hiscox
