Swing in Ian loss estimates due to social inflation will influence reload: Millette

October 14, 2022

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The broad ~$20bn range in Hurricane Ian loss estimates, from $40bn to $60bn, reflects the loading being added for litigated claims and social inflation and will have a major influence on trapped capital and the post-event rebuild, said Hudson Structured Capital Management managing partner Michael Millette.

“That $20bn swing is social inflation – it's not about mistakes in quantitative modelling,” the ILS manager said during a panel debate at the Convergence conference held by ILS Bermuda.

The

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Swing in Ian loss estimates due to social inflation will influence reload: Millette

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