Inflation will increase P&C claims costs by 5%-7.5% in 2023: Swiss Re
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Inflation will increase P&C claims costs by 5%-7.5% in 2023: Swiss Re

Ayesha Venkataraman
March 22, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
aerial view of City of London skyline with inflation graph.jpg

Swiss Re has estimated that inflation alone will increase P&C claims costs by 5%-7.5% across five key markets in 2023 after similar increases last year, according to its latest Sigma report.

The projections covered Australia, France, Germany and the UK and US markets.

It also estimated that property rate gains had failed to outpace inflation.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsSwiss Re
Ayesha Venkataraman/Ayesha Venkataraman II us.png
Ayesha Venkataraman
News Editor
Contact
Gift this article