Social Inflation: The Invisible Enemy

Presented by

Shawn Moynihan, Editor-in-Chief, Reactions

About this talk

One of the greatest emerging risks facing the insurance industry today is Social Inflation, which refers to the rising cost of insurance claims due to increased litigation, broader contract interpretations, plaintiff-friendly legal decisions, and larger jury awards influenced by societal trends and views. •What are the biggest drivers of this phenomenon? •Which lines of business have been impacted the most •How millennial bias and the increased use of litigation-funding firms have changed the insurance landscape? What can the P&C industry do to mitigate this threat?
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