Aviva welcomes Government proposals on discount rate

Colm Holmes, Chief Executive of Aviva’s UK General Insurance business, said:

“We welcome the Government’s proposals to amend the way in which the personal injury discount rate is set. We believe the discount rate must balance the need to fully compensate those who are critically injured, while ensuring millions of motorists, businesses and taxpayers are not penalised as a result. This is good news for our customers, as any measures which reduce the rising costs of insurance will directly feed through to premiums."