MoJ publishes PIDR expert panel meeting minutes for January 2024

Article summary

The Ministry of Justice (MoJ) has published the Personal Injury Discount Rate (PIDR) expert panel meeting minutes from the meeting on 19 January 2024. The panel agreed that the Government Actuarial Department (GAD) will be commissioned to provide analytical content, to be introduced to the panel’s report as an annex. The panel decided that they will not produce a new technical memo as the published minutes will provide stakeholders with key elements of the analytical approach. The panel is also seeking data from claims and investment management sectors organisations on claim and claimant characteristics, heads of loss, damage inflation, periodical payment orders and investments and investor expenses. The panel agreed that the next PIDR expert panel meeting will be held on 1 March 2024.