The insurance and claims sectors are grappling with rising claim severity and medical inflation, impacting the stability of the casualty market.
1 report, 1 independent
Updated Jun 16
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What happened
The insurance and claims sectors are grappling with rising claim severity and medical inflation, impacting the stability of the casualty market.
How it developed
Newest first. Tap a step to see who reported it.- Claims inflation and higher repair costs are impacting the profits of Australian personal and commercial lines businesses, including British Airways.Sub-event
- Escalating claim severity and rising medical costs are impacting the US property and casualty industry.Sub-event
- Comorbidities are driving up medical costs and claims complexity within the insurance and claims sectors.Sub-event
- The market trends are being driven by persistent losses and litigation, affecting companies like Price Forbes which operates within Ardonagh Specialty.Sub-event
Industry trends show rising claim severity and medical inflation in the casualty and workers' compensation sectors.1 source