T:0238 190 7019
Discount Rate: The perfect 16 year storm
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.