Zurich Financial Services Group (2008)
Notes to the consolidated financial statements [extract]
|
Note 3 |
Summary of significant accounting policies [extract] |
|
b) |
Insurance contracts and investment contracts with discretionary participating features [extract] |
Reinsurance [extract]
Reinsurance assets are assessed for impairment on a regular basis for any events that may trigger impairment. Triggering events may include legal disputes with third parties, changes in capital and surplus levels, change in credit ratings of a counterparty and historic experience regarding collectability from specific reinsurers.