Inflation News
Breaking Down Inflation’s $30B Impact on Insurers Line By Line
Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through ...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Rising inflation in Europe, which jumped to 8.9 percent in July 2022—the highest in 25 years—will hurt the profitability of property/casualty insurers in 2022-2024, according to London-based data ...
Flexibility Is Key for Insurers Managing Inflationary Challenges
Inflation likely won't subside anytime soon, and insurers will need to be proactive and flexible if they want to stay on top of the challenges, said Keith Buckley, managing director of Fitch Ratings' ...
Strategy Sessions: What Insurers Should Know About Navigating a Tricky Inflationary Landscape
The insurance industry is facing increasing inflationary pressures, with many experts predicting a continued rise in inflation over the next few years. This has led insurance carriers to think about ...
Many Business Leaders Feel Unprepared for Growing Geopolitical Risks, Inflation
Many business leaders feel unprepared for growing geopolitical risks and inflation, according to a report published by Beazley. "Across the UK and U.S., fewer business leaders feel well prepared to ...
Beyond the Print Edition: Nationwide P/C’s Prez Talks About Inflation and Telematics
Much of a recent interview that Carrier Management had with Mark Berven, the president and chief operating officer of Nationwide Property/Casualty, focused on the carrier's commercial lines ...
Inflation, Ukraine War Seen as Chief Financial Risks
High inflation, volatility in stock and commodity markets, and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported on Monday in a biannual ...
Inflation Boosts W.R. Berkley Top Line to Record Level as Exposures Grow
While investment analysts continue to track commercial insurance rate hikes for property/casualty insurance carriers, exposure growth was an important contributor to a top-line record for the first ...