What is Life Worth? Compensation for Personal Injury and Fatal Accidents
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!
Dates for 2025 TBC
The course can be delivered in-house, please get in touch for more details and to be added to the mailing list
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.
Related links
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.
Payment
a. Online payment via credit or debit card is preferred. Payment by invoice incurs an additional charge of £30. Please note that the University of York cannot accept American Express cards
b. Registration fees are payable in advance of the programme start date.
c. We regret that we cannot reserve or hold programme places in advance of booking or payment.
d. Participants may cancel their place in the programme by emailing the cpd@york.ac.uk
1.1. Registration fees are payable in advance of the course and are fully inclusive of tuition, course materials, lunch / refreshments at the course venue, but do not include accommodation.
1.2. Standard fees - apply to organisations worldwide and are UK VAT exempt (i.e. VAT is not payable)
Cancellations
The following cancellation terms apply:
Standard conditions:
- Cancellations made 30 days or more before the programme start date: programme registration fees refunded less a 10% administrative charge.
- Cancellations made less than 30 days before the programme start date: no refund will be given
For bookings of between 1 and 5 people from the same organisation:
- Cancellations made 30 days or more before the programme start date: programme registration fees refunded less a 10% administrative charge.
- Cancellations made less than 30 days before the programme start date: no refund will be given.
For larger bookings of 6 or more people from the same organisation:
- Cancellations made 60 days or more before the programme start date: programme registration fees refunded less a 10% administrative charge.
- Cancellations made less than 60 days before the programme start date: no refund will be given.
- Should one person from a group booking from the same organisation cancel, substitutes can be made, or the standard conditions apply.
The University of York will not accept responsibility for any additional costs incurred by the participant (for example travel or accommodation arrangements).
Attendance
a. Substitutions may be made prior to the programme start date, provided you inform the CPD team cpd@york.ac.uk in writing and complete any registration documentation for the new participant.
b. No substitutions are permissible once the programme has started.
c. Transfers between programmes are not possible.
d. In the unlikely event that, due to unforeseen circumstances, the programme has to be cancelled by the University of York, our liability is limited to a refund of paid programme registration fees only.
Liability
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i. use of the LMS, VLE or Zoom will be compatible with all hardware and software,
ii. use of the LMS, VLE or Zoom will be uninterrupted or error or virus free,
iii. use of the LMS, VLE or Zoom will deliver any specific outcome for its users, or
iv. defects on the LMS, VLE or Zoom will be corrected (save for those defects which the University of York is obliged to correct by law).
b. You must take appropriate steps to ensure that you regularly check for and protect against viruses when using the LMS, VLE or Zoom on any device.
c. We may terminate your account or your access to/use of the LMS or VLE with immediate effect:
i. if we reasonably believe you are in breach of these terms and conditions and/or the code of conduct;
ii. in order to prevent any abusive, fraudulent or unlawful activity;
iii. where necessary to prevent or stop any harm or damage to the university, any learner or the general public.
d. To the fullest extent permitted by law, the aggregate liability of the University of York, to you, the Customer, to under or in relation to these terms and conditions shall be limited to the total price payable by you under these terms and conditions.
e. Nothing in these terms and conditions shall exclude or limit liability for negligence resulting in personal injury or death; fraud; or for any other type of liability that, by law, cannot be limited or excluded.
These terms and conditions shall be governed by and construed in accordance with the laws of England and Wales and the parties agree to submit to the jurisdiction of the courts of England and Wales.
Through registering for a course applicants are deemed to have accepted the above Terms and Conditions.