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The Return of inflation : what it means for insurance

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Sección: Documentos electrónicos
Título: The Return of inflation : what it means for insurance / Kai-Uwe Schanz; Pieralberto TreccaniAutor: Schanz, Kai-Uwe
Publicación: [Zurich] : The Geneva Association, 2023Descripción física: 54 p.Notas: Sumario: Periods of high inflation challenge the financial security of people and businesses. The inflationary shock of 2021/22, spurred by the pandemic and Russia-Ukraine war, gave rise to cost of living crises in many parts of the world, and demographic and economic shifts (such as population ageing and the transition to net zero) are expected to exacerbate its effects.
This report examines the implications for insurers and evaluates how they can respond across the value chain to continue to meet their customers' needs in times of inflation. It finds that while the immediate impacts of inflationary episodes on insurers is negative, the value proposition of insurance could increase, as it bolsters financial resilience and offers customers greater peace of mind.
Contiene: Foreword -- Executive summary -- Introduction -- Inflation outlook; The cyclical view; The structural view -- The impact of inflation and rising interest rates on insurers; Earnings; Balance sheets -- Insurers' responses to inflationary shocks: A value chain perspective; Product design; Marketing; Underwriting/pricing/reserving; Distribution, Claims; Customer service; Investments -- Inflation and the role of insurance in society; The value of insurance in times of inflation; Effects of inflation on insurance demand and supply; Effects of inflation on insurance penetration -- Conclusions and recommendations: How to maintain and further strengthen the role of insurance in times of inflation -- Appendix -- ReferencesMateria / lugar / evento: Mercado de seguros Inflación Impacto económico Suscripción de riesgos Precios Demanda de seguros Penetración del seguro Solvencia Otros autores: Treccani, Pieralberto
Embedded Finance & Super App Strategies
Otras clasificaciones: 219
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