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

Ayesha Venkataraman
March 22, 2023
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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.

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