Journal article

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

JS-H Li, Wai-Sum Chan, Felix Wai Hon Chan

Hong Kong Law Journal | Hong Kong Law Journal Ltd. | Published : 2015

Abstract

Following 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 tabl..

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University of Melbourne Researchers