Inflation: Defining the focus areas for 2022/23
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Inflation: Defining the focus areas for 2022/23

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Commercial P&C insurers on both sides of the Atlantic face prolonged inflationary pressures across multiple lines, due to a web of factors including the effects of economic stimulus during the pandemic, a supply chain squeeze and energy prices driven by the Ukraine-Russia conflict.

The impact on insurers will crystallise in different ways, varying by business lines and by region, but property and construction are expected to be among the first segments to come under pressure, with concerns that systemic underpricing may materialise...

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