A new study “Auto Insurance: The Uncertain Road Ahead” released today by the American Property Casualty Insurance Association (APCIA), reveals that insurance claims inflation has continued to rise faster than the underlying consumer price index (CPI), far outpacing increases in auto insurance premiums.
Tag: claims inflation
Outlook for P&C Sector Stable, Characterized by Strong Underwriting Profitability
A recent report by Moody’s affirmed that its stable outlook for the US commercial P&C insurance sector reflects strong underwriting profitability, despite slowing price increases and persistent claims inflation. Premium growth will also continue despite the economic slowdown says Moody’s, with expected real GDP growth of 1.9% in 2022 and 1.3% in 2023, following growth… Continue reading Outlook for P&C Sector Stable, Characterized by Strong Underwriting Profitability