Social inflation – increasing insurance claims costs related to legislative and litigation trends – may be spreading beyond the United States, attende
“Social inflation” refers to rising litigation costs and their impact on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholde
“Social inflation” is the name used to describe growth in liability risks and costs related to litigation trends.
Measuring and forecasting inflation is important in setting premiums and anticipating claims.
Never heard of “social inflation”?