Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above US$10 million.
Other key themes that will shape the re/insurance industry in the year ahead were identified by Swiss Re Institute:
- The industry is faced with geopolitical instability, social tensions and economic uncertainty with far-reaching impact and the potential to drive up cl