Globally, economic loss from natural and manmade catastrophes has hit $268 billion in 2022 – far above the 10-year average of $81 billion. (Credit: licvin/Adobe Stock)
Claims inflation has greatly affected the European insurance market in 2022 thanks to factors like supply chain disruptions and Russia's Invasion of Ukraine, and it has left claims professionals scrambling to keep up with increasing costs and operate within smaller margins.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
