Social inflation could cause commercial auto losses to be 2%-3% higher than general inflation: CAS
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Social inflation could cause commercial auto losses to be 2%-3% higher than general inflation: CAS

Kyoung-son Song
March 17, 2023
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Social inflation could be causing losses to surpass general inflation levels by 2%-3% per year, according to a recent study from the Casualty Actuarial Society (CAS) and Insurance Information Institute.

Published in a paper titled “Social Inflation and Loss Development”, the results were based on the analysis of paid loss and severity data for commercial auto liability between 2012 and 2021.

Further,

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Kyoung-son Song
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