Inflation: An Actuarial View 2023 | Managing General Agents' Association | 22 May 2023 | Online Event
Venue
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| Event Date |
Tue May 23 UTC (over 1 year ago)
In your timezone (EST): Mon May 22 8:00pm - Mon May 22 8:00pm |
| Location | Online Event |
| Region | All |
Details
In this presentation, we will delve into the topic of claims inflation from an actuarial perspective. Claims inflation refers to the increase in the cost of claims over time, and it is a crucial consideration for insurance companies. As actuaries, we play a critical role in analysing and predicting trends in claims inflation, which helps insurers accurately price their policies and set appropriate reserves. We will discuss the components of inflation and the considerations made within Pricing to allow for the impact of these trends.
Learning Objectives
At the end of this session, delegates will be able to:
• Explain what we mean by the term inflation
• List the key drivers of inflation and how these vary by class of business
• Outline how inflation doesn’t only impact the cost of claims
• Summarise how we consider inflation in pricing
Speakers
2023 Speakers
Adam Dewdney
Head of Actuarial, HDI Global Specialty SE
Thomas Kelly
Delegated Authority Pricing Manager, HDI Global Specialty SE