On 20th March the Discount Rate will reduce to -0.75%. The effect on all future loss claims is dramatic, with many future loss claims set to double or triple in size.
Partner, Michael Renshaw, has produced a guide which provides an overview of what the impact is going to be, and provides some initial thoughts on what we see happening in the future.
We will keep clients updated as and when new information arrives, from a legal perspective and also the technical impact on the handling of large loss and catastrophic injury claims.
The guide can be downloaded below.
Mike Renshaw
Designed to elevate the policyholder experience and empower handlers, ClaimPilot transforms the claims journey with state-of-the-art AI, streamlined processes and reduced operational bottlenecks – all in one powerful platform.
