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Compensation for Personal Injury and Fatal Accidents: An accessible introduction to the actuarial calculations

This programme provides an essential toolkit for those involved in legal, financial, or actuarial roles in compensation claims. Don't miss this opportunity to deepen your expertise!

Contact cpd@york.ac.uk for more information

Course overview

This is a full-day seminar offering a practical and accessible introduction to the actuarial calculations used in personal injury and fatal accident compensation claims. This session is ideal for professionals seeking to enhance their understanding of financial mathematics, life insurance, and the Ogden Tables in the context of compensation.

Key Highlights:

  • Introduction to financial mathematics, including simple and compound interest, annuities, and the Personal Injury Discount Rate (PIDR).
  • Life insurance mathematics with a focus on life tables, survival probabilities, and life annuities.
  • Understanding the construction of the Ogden Tables with example calculations for past and future loss of earnings in personal injury cases.
  • Continued exploration of Ogden Tables, focusing on wrongful death cases and related compensation calculations.
Biographies

Dr. Şule Şahin is a Senior Lecturer (Associate Professor) in Actuarial Science at the University of York. She is a Fellow of the Institute and Faculty of Actuaries, a Corresponding Member of the Actuarial Society of Turkey and a Member of the Ogden Working Party. Since 2011, she has served as an expert witness on compensation calculations in Turkey and has been delivering CPD/expert witness training since 2015. Dr. Şahin has authored several research papers and books on actuarial compensation for personal injury and fatal accident cases under both Turkish and UK legislation. Currently, she is leading a funded research project focused on introducing the third generation of reduction factors based on work-life expectancy, to be used for compensation in personal injury litigation in the UK.

Prof. Alexander McNeil is Professor of Actuarial Science at the University of York. Educated at Imperial College London and Cambridge University, he was formerly Assistant Professor in the Department of Mathematics at ETH Zurich and Maxwell Professor of Mathematics in the Department of Actuarial Mathematics and Statistics at Heriot-Watt University. He founded and led the Scottish Financial Risk Academy (SFRA) between 2010 and 2016. He is joint author, together with Rüdiger Frey and Paul Embrechts, of the book "Quantitative Risk Management: Concepts, Techniques and Tools", published by Princeton University Press (2005/2015). Professor McNeil is an Honorary Fellow of the Institute and Faculty of Actuaries and a Corresponding Member of the Swiss Association of Actuaries.