Back to the drawing board?
International accounting standards adopted in 2004 allow listed companies to carry goodwill forward at full value on their balance sheet, but for general insurance brokers it is a different story.
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Disappointment in discount rate
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX
— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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