Inflation driving up replacement value of covered assets for middle market insurers: Chubb
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Inflation driving up replacement value of covered assets for middle market insurers: Chubb

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Nearly three-quarters of insurers polled say inflation has increased the replacement value of covered assets, according to Chubb’s 2023 Mid-Year Middle Market Indicator report, which surveyed 1,000 executives at middle market companies.

While the report said middle market companies overall maintained double-digit growth in H1 2023, 59% of firms said inflation has impacted their ability to replace covered assets under existing coverage, with 76% – particularly financial institutions – saying they...

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