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Article: Using Actuarial Evidence in Singapore and Hong Kong: A Sequel to “Lai Wee Lian Revisited”

TitleUsing Actuarial Evidence in Singapore and Hong Kong: A Sequel to “Lai Wee Lian Revisited”
Authors
Issue Date2015
PublisherSweet & Maxwell Asia. The Journal's web site is located at http://www.hku.hk/law/hklj/
Citation
Hong Kong Law Journal, 2015, v. 45 n. 2, p. 499-516 How to Cite?
AbstractFollowing the English common law, successful claimants in personal injury and clinical negligence cases in Singapore and Hong Kong usually receive their compensations as a lump sum. The amount in respect of future expenses and loss of future earning is a result of discounting the future pecuniary values into a single present-day amount, considering inflation, the time value of money and the claimant’s mortality. Using actuarial tables based on projections of the mortality rate of the general population may be considered as an alternative method in converting the future loss of earnings and future expenses into a lump sum reflecting its present value. For this purpose, a set of actuarial tables are constructed in this article. Various options for determining the appropriate discount rate(s) are explored in the context of the statistical and economic data of Singapore and Hong Kong.
Persistent Identifierhttp://hdl.handle.net/10722/214742
ISSN
2015 Impact Factor: 0.215
2015 SCImago Journal Rankings: 0.101
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChan, FWH-
dc.contributor.authorChan, WS-
dc.contributor.authorLi, JSH-
dc.date.accessioned2015-08-21T11:53:55Z-
dc.date.available2015-08-21T11:53:55Z-
dc.date.issued2015-
dc.identifier.citationHong Kong Law Journal, 2015, v. 45 n. 2, p. 499-516-
dc.identifier.issn0378-0600-
dc.identifier.urihttp://hdl.handle.net/10722/214742-
dc.description.abstractFollowing the English common law, successful claimants in personal injury and clinical negligence cases in Singapore and Hong Kong usually receive their compensations as a lump sum. The amount in respect of future expenses and loss of future earning is a result of discounting the future pecuniary values into a single present-day amount, considering inflation, the time value of money and the claimant’s mortality. Using actuarial tables based on projections of the mortality rate of the general population may be considered as an alternative method in converting the future loss of earnings and future expenses into a lump sum reflecting its present value. For this purpose, a set of actuarial tables are constructed in this article. Various options for determining the appropriate discount rate(s) are explored in the context of the statistical and economic data of Singapore and Hong Kong.-
dc.languageeng-
dc.publisherSweet & Maxwell Asia. The Journal's web site is located at http://www.hku.hk/law/hklj/-
dc.relation.ispartofHong Kong Law Journal-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleUsing Actuarial Evidence in Singapore and Hong Kong: A Sequel to “Lai Wee Lian Revisited”-
dc.typeArticle-
dc.identifier.emailChan, FWH: fwhchan@hku.hk-
dc.identifier.authorityChan, FWH=rp01280-
dc.description.naturepublished_or_final_version-
dc.identifier.hkuros250202-
dc.identifier.volume45-
dc.identifier.issue2-
dc.identifier.spage499-
dc.identifier.epage516-
dc.identifier.isiWOS:000361341900008-
dc.publisher.placeHong Kong-

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