Axa CEO: Discount rate cut could wipe out benefit from whiplash reform

Amanda Blanc

Amanda Blanc said the business has had to increase claims reserves with the view that the Ogden rate would fall from 2.5% to 1%. "Ogden could wipe out any potential benefit from whiplash and that is something we are very conscious of," she told Post.  The concerns come as the government has unveiled its draft reforms to personal injury. The Association of British Insurers have previously said the proposed changes to the discount rate - expected this month - would mean motor premiums w