Tony Cornell.
All sides of the industry should work together to educate banks and accountants that goodwill is a real asset in insurance broking.
One of the bigger problems facing insurance brokers is how variousother professions treat goodwill.
Accountants will always recommend that goodwill is written off as quickly
as possible. Banks tend to discount goodwill totally in their valuation of
a company. They regard it as an intangible. Credit rating companies also
discount goodwill and the IBRC does not take it into account in
calculating solvency margins. All of this means that brokers can be seen
as asset-lacking and poor credit risks.
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint