claims inflation


Risk of COVID inflating US hurricane claims rising with cases: PCS

The resurging incidence of cases of COVID-19 across areas of the United States could add pressure to catastrophe insurance and reinsurance market claim processes and amounts, so PCS has undertaken some research on hurricane events to show where the threat is greatest. As our sister publication Reinsurance News explained recently, PCS read the full article →

US property claims inflation spike to subside again in 2022: Swiss Re

Having warned previously that inflationary factors will result in elevated property insurance claims, global reinsurance firm Swiss Re has now qualified this by saying that the inflationary effect of higher materials and construction prices may only last through this year. As we reported recently, Swiss Re had said that insurance and read the full article →

Inflation to “sharply increase” hurricane claims costs, warns Swiss Re

Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher. In summarising what to expect from the 2021 Atlantic hurricane season, according to the forecasts, Swiss Re also read the full article →

Artemis Live interview: Inflationary pressures & catastrophe claims. What to expect

For our latest Artemis Live video interview we wanted to explore inflationary trends and their potential to impact on the catastrophe claims process, as well as throw up some unexpected results when losses happen. So we were joined by Mike Fulton, President of Xactware and Tom Johansmeyer, Head of PCS, read the full article →