Tag: Insurers

Analysis Of Inflation’s $30 Billion Impact on Insurers

McKinsey Inflation By Insurance Line 2021 620x746 1

Line by Line Analysis of Inflation’s $30 Billion Impact on Insurers According to McKinsey & Company, inflation increased loss costs for property/casualty insurers by around $30 billion last year, with personal lines accounting for nearly three-quarters of that amount. McKinsey partners Kia Javanmardian, Sebastian Kohls, and Fritz Nauck, along with senior expert Gavin McPhail, emphasize […]

Flexibility Is Essential For Insurers Dealing With Inflationary Challenges

Insurance protecting family health live, house and car concept. Cut elements from paper that symbolize the coverage. Flexibility is essential for insurers dealing with inflationary challenges.INSURUCE Inflation is unlikely to abate anytime soon, and insurers will need to be proactive and agile to remain ahead of the curve, according to Keith Buckley, managing director of […]