Making sure those with life-changing injuries are properly compensated is 'vital'.
That's according to Treasury Minister, Alf Cannan MHK, as it was announced his department is reviewing the discount rate for personal injury claims.
Mr Cannan added the process will take several months and hopes to bring amended legislation on the matter to Tynwald no later than January next year.
It comes after the UK government recently introduced a new discount rate for those requiring compensation in England and Wales.
Several Douglas roads to shut for drone show this week
No new plans for flood defences, says minister
Airport passenger figures are down
Newborns to get free books
Northern road closure this week
Bus strike forces charity dog walk to reschedule
K-pop circus arrives in Douglas!
Firm under investigation over waste storage