Inflation raises US insurers' loss costs by $30bn in 2021
Inflation increases losses $13.9bn in personal motor, $7.9bn in homeowners’, $3.9bn in workers’ compensation, $2.3bn in commercial multi-peril and $2bn in commercial motor, McKinsey & Co report says
Strategies to address inflation should revolve around savvy pricing, expense management discipline and claims operational excellence, McKinsey says