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.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
