Social Inflation is Reshaping Claims: Death by a Thousand Cuts, the Nuclear Option or Both?
In the world of insurance claims, the environment has shifted in both subtle and seismic ways. Our industry has always navigated cycles of inflation, legal changes, technological complexity, and economic pressures; but today’s environment presents unprecedented challenges. Social inflation is no longer a background trend. It is reshaping claims frequency, severity, and predictability across nearly every line of business.