Report
A perfect storm for rising claim costs
A convergence of economic, social and geopolitical factors, in addition to losses related to social inflation, natural catastrophes and COVID-19, catapulted claims inflation to unprecedented levels in 2022 – a scenario that still persists today.
As we move through 2023, this report presents an update on how inflation is affecting claims in markets around the world, and provides guidance for insurers, brokers and insureds on the proactive steps that can be taken to manage the impact of claims inflation more effectively.
