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.
Despite the disruptive effects of the US-Iran conflict, abundant capacity and competitive pricing are still rewarding well-prepared clients — but only for a finite stretch
Results of the survey raise questions over how long underwriters can absorb loss-cost inflation as competition intensifies for new business
As market conditions shift, new entrants face tougher scrutiny from investors, regulators and capacity providers
Profit fell on higher loss ratios and adverse prior-year development, with CNA signalling a tougher stance on pricing
LMA index shows identical injuries produce sharply different awards, reshaping how insurers assess international risk
