ICMIF Supporting Member Gallagher Re has published a new report featuring its latest assessment of the inflation risks facing the insurance sector. The report has been prepared by Gallagher Re’s Strategic and Financial Analytics and Customised Solutions teams.

Key findings from this report include:

• The debate has moved on from whether inflation will spike to how long it will last. Financial markets have begun to price in more pernicious longer-lasting inflation.
• Looking across the major non-life lines of business, there is either evidence of inflation of underlying cost drivers today or an increased risk of inflation taking hold.
• Insurers are getting help from the asset side, but slowly and from a low base.