The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in US commercial insurance lines and acceleration in personal lines rates
U.S. homeowners’ insurance is poised to post a statutory underwriting loss for reported results, as insurers continue to face above-average catastrophe losses
Property insurance growth in Europe recovered in 2022 at 3.2% as compared to a flat growth due to premium price hardening owing to escalating natural catastrophe losses