Social inflation describes the trend of rising claims costs driven by societal and legal factors such as increased litigation, higher jury awards, expanded coverage interpretations, and changing attitudes toward corporations. It particularly affects liability and casualty lines, where nuclear verdicts and class actions can significantly exceed historical expectations. Insurance professionals are responding with tighter wordings, revised limits, enhanced pricing models, and greater use of analytics to capture emerging patterns in legal and claims behaviour.
A reshaped London Market business hands Desai a division facing mounting pricing pressure on two fronts
Health and life insurance drive global growth, while fragmentation reshapes risk and tilts the market toward Asia
A new global benchmarking report finds the industry's AI rush is no longer about who is investing - it is about who is compounding returns
The gap between AI adoption at the workforce level and AI deployment at scale is the defining operational challenge in insurance right now
The global litigation firm has reported its 12th straight year of growth, driven by landmark cases across four continents
