Marine Insurers Face Rising Claims & Planning Rate Hikes for 2025
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Inflation Rates reviews covers updates and analyses related to changes in inflation. It provides insights into how inflation rates fluctuate over time and their impact on various sectors.
This category explores the causes and consequences of inflation, including its effects on purchasing power, interest rates, and economic policies. It also examines historical trends and current inflation data to offer a comprehensive understanding of how inflation influences financial decisions and economic stability. The content is designed to help readers grasp the complexities of inflation and its broader implications for individuals, businesses, and the economy.
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
The value of currencies in Asia decreased except for some, which remained stable against the US dollar in light of expected inflation figures
While insurers may have winced at the spike in property-catastrophe prices at the Jan. 1 renewals, the resulting rate hikes and new policy terms should spur investor interest
Every insurer should closely monitor price developments, focusing on the drivers relevant to the respective insurance coverages, such as repair costs, construction prices or medical inflation
The immediate impact of inflation on non-life (P&C and health) insurers’ earnings is negative, primarily through rising future claims costs on current insurance policies
In response to high inflation, central banks have hiked their base rates, which, in turn, can impact the balance sheets of (re)insurers as a result of fixed-interest securities falling in value
Central banks to live with inflation, but only after stalling growth. The Great Moderation, from the mid-1980s until 2019 before pandemic struck, was a remarkable period
Global growth is entering a soft patch this year as uncertainty due to geopolitical risks remains high