What to Watch for in 2022
The past few years have been challenging for both businesses and the insurance industry. After years of stability, a confluence of factors have led insurance companies to reevaluate their positions in the market. The increased frequency and severity of claims, social inflation, the COVID-19 pandemic, medical inflation, trends in cybercrime, the cost of reinsurance, natural disasters and investment returns have all fundamentally reshaped the insurance market.
- Labor Shortages
- Supply Chain Issues
- Extreme Weather Events
Review our 2022 Property & Casualty Market Outlook for more information on these and other areas of concern your organization should address along with pricing forecasts for commercial lines of insurance.