Mitigating rising claims costs as Europe's inflation gets stickier

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<title>gating rising claims costs as Europe's inflation gets stickier</title>
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<dateIssued>2022</dateIssued>
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<abstract displayLabel="Summary">We see property and casualty (P&C) insurers in the euro area facing increasingly broad-based and sticky inflation this year and next. This will increase their claims costs further. Motor and property insurance are more vulnerable in the near term, while casualty is more impacted by inflation broadening out, such as into wages. Re-pricing of risks and other mitigitation measures will be vital to enable insurers to keep up with evolving costs</abstract>
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