On 20 March, sixteen years after setting the discount rate at 2.5% the Lord Chancellor reduced the figure to minus 0.75% and immediately announced a review of the basis on which the change should be made. Overnight the costs of claims which included future losses leapt. Reserves have been adjusted, premiums have increased and re-insurers are funding a much greater proportion of claims than they anticipated.

In our discount rate webinar we consider what has happened to the discount rate, and explore possible outcomes, process and the timing of developments in the future.

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