Inflation will increase P&C claims costs by 5%-7.5% in 2023: Swiss Re
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Inflation will increase P&C claims costs by 5%-7.5% in 2023: Swiss Re

aerial view of City of London skyline with inflation graph.jpg

Swiss Re has estimated that inflation alone will increase P&C claims costs by 5%-7.5% across five key markets in 2023 after similar increases last year, according to its latest Sigma report.

The projections covered Australia, France, Germany and the UK and US markets.

It also estimated that property rate gains had failed to outpace inflation.

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article