High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022 March 24, 2023 By L.S. Howard High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to...
UK Businesses Face Risk of Underinsurance as Construction Costs Reach Record Highs March 21, 2023 Continuing high levels of inflation in construction costs in the UK and globally, risk leaving homes and businesses underinsured in...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData August 23, 2022 Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Turkish Insurers Facing Severe Strain, Fitch Ratings Warns June 22, 2022 Turkish insurers are facing one of their most challenging operating environments of the past decade, with earnings and capital adequacy...
Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator May 23, 2022 By L.S. Howard Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits April 21, 2022 The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s March 10, 2022 Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers February 15, 2022 By Jim Sams The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to...
How COVID-19 Court Lockdowns May Turn the Social Inflation Tide June 2, 2020 By Susanne Sclafane Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month,...
How Hospitals Benefit from Data-Rich Malpractice Insurers October 14, 2011 Hospitals and hospital groups should seek clarity from their malpractice insurers on the loading applied to premiums to account for...