Claims inflation - A known unknown


In the current time of globalisation, faced with questions over commodity supply, security and price volatility and potential fluctuations in currency rates, claims inflation constitutes a serious threat to both the profitability and the security of insurers worldwide. Despite this, there are a plethora of views on the extent, and even the existence, of claims inflation; this article aims to raise the profile of the issue and contribute to the debate.

In The Actuary May 2013