Will COVID-19 Mitigate Social Inflation?
June 3, 2020 Commercial, Covid-19, Premium
Social inflation is a bit of a buzzword, used to describe a rising cost in insurance claims. Some say this is sour grapes from insurers who don’t want to pay out on pandemic-related policies. Others insist that social inflation is a real problem that, if left unchecked, can cause damage to the very concept of insurance.
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