‘Out of control’ wage inflation weighs on (re)insurers and brokers
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‘Out of control’ wage inflation weighs on (re)insurers and brokers

Samuel Casey
07 February 2022
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Surging wage inflation is an increasingly pressing concern for insurance and broking executives in the London market, with competition to hire and retain top talent threatening to dent profitability at the same time as rating increases begin to tail off.

Numerous sources from across the London market said that staff costs had rocketed over the past year, with the combination of hardening market conditions, the broking “supercycle”, start-ups looking to hire top talent and macroeconomic pressures all combining to...

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Topics

News Analysis Operations/tech London market Brokers
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Samuel Casey
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