inflation

Insurance guide to Liability claims inflation and rate increases

Like the cost of living, claims inflation is driven by prices. So, when the cost of repairs, materials and labour rises, so does the cost of third party liability for property damage. Inflation also p...

AXA’s Guide to Property claims inflation and rate increases

In simple terms, claims inflation is the change in the average price of goods/materials and services in relation to a portfolio of representative claims. Over the last couple of years, various factors...

Claims Inflation Guides from Allianz

The consequences of the pandemic and Brexit, along with changing legislation, emerging technologies and social trends, have all impacted claims costs and ultimately insurance premiums. Allianz has cre...