Analysis

The spread of social inflation and its impact on insurance

By Tim Evershed 2025-01-30T08:00:00

social inflation

’This is not ambulance-chasing companies, it is a much bigger social drive than that and we don’t see an end to that,’ says partner

Social inflation has become a thorn in the side of casualty insurers worldwide and continues to rise.

This type of inflation is defined as the increased severity of insurance claims beyond those caused by economic drivers. Instead, social inflation is driven by a number of factors including collective redress mechanisms, litigation funding, emerging risks, public sentiment, jury trials and strategies employed by claimants.

Read more…

Explore more claims-related content here or discover other news analysis stories here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.