Q3 earnings commentary: Inflation, Ian will propel rate rises
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Q3 earnings commentary: Inflation, Ian will propel rate rises

Kyoung-son Song
November 07, 2022
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P&C insurers on Q3 conference calls said they intend to push rate increases for the remainder of 2022 and likely into 2023 as they attempt to stem the tide of rising loss costs associated with inflation and Hurricane Ian.

Earlier in the year, carriers forecast a slow deceleration of rate increases in 2022, with factors like economic inflation, the Ukraine-Russia conflict and social inflation inhibiting a rapid drop-off in pricing.

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Kyoung-son Song
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