GLRE - Inflation To Sharply Increase Hurricane Claims Costs Warns Swiss Re

• Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher.
• Overall, economic conditions are increasingly tipping towards inflation, as a side-effect of the pandemic and related financing.
• Inflation is on everyone’s mind across insurance and reinsurance right now, with an expectation that the investment side of the business may feel some effects as inflation is increasingly baked into economic forecasts.

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