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

The reduction of the discount rate may wipe out any reduction in premiums that consumers might see from whiplash reforms, the CEO of Axa has warned.

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

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