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.
And the insurance ruling that matters just as much
The settlement resolves nearly all of J&J's US lawsuits. A £1 billion London case means the underlying liability risk hasn't gone away
The world of insurance premiums seems pretty much in directional lockstep apart from in the US – and here's why
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
