Discount Rate 2017 | Chartered Insurance Institute | 16 June 2017 | Travelodge Inverness Fairways Hotel, Castle Heather, Fairways Business Park, Slackbuie Ave, Inverness IV2 6AA, UK
Venue
Travelodge Inverness Fairways Hotel
Travelodge Inverness Fairways Hotel, Castle Heather, Fairways Business Park, Slackbuie Ave, Inverness IV2 6AA, UK
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| Event Date |
Fri Jun 16 BST (over 7 years ago)
In your timezone (EST): Fri Jun 16 12:00am - Fri Jun 16 12:00am |
| Location |
Travelodge Inverness Fairways Hotel
Castle Heather, Fairways Business Park, Slackbuie Ave, Inverness IV2 6AA, UK |
| Region | EMEA |
Details
The Insurance Institute of Inverness, the Highlands and Islands is happy to announce that its next event will focus on the discount rate.
The recently announced change in the discount rate will cost the UK Insurance Industry a one off adjustment of £7 billion and £2 billion per annum thereafter. This amount will have to be recouped by way of massive hikes in insurance premiums. Increases of 10-20% will become the norm, especially after reinsurance treaties are renewed, and high risk personal injury policies such as construction, haulage fleets and motor trade will see increases of well beyond this range.