This information could be obtained only at disproportionate cost.
The reasons for change in value of future claims settlements can vary from changed information on the specific damage caused to changes in the interpretation of case law and its impact on future settlements. The NHS Litigation Authority (NHSLA) carry out a rigorous review at least twice per annum of all of our models which forecast claims not yet received and keep a constant review of all ‘known claims’ throughout their life. NHSLA’s systems and processes are audited by the National Audit Office who have yet to offer any concern in relation to NHSLA’s accounting treatment or indeed the quality of advice they are purchasing from either legal or actuarial professionals.
The following table shows the information requested.
Speciality Number of claims Outstanding estimate (£) Total paid (£) Total claim (£) Oncology 416 9,436,113 13,864,016 23,300,129 Radiology 709 39,459,887 31,388,864 70,848,751 Radiotherapy 54 1,073,861 1,898,797 2,972,658 Grand total 1,179 49,969,862 47,151,676 97,121,538