In the last two years the US has seen prices for building materials and labour increase, higher jury awards and a greater propensity to sue, business interruption from civil unrest, and changing claim sizes and frequencies from COVID. But what can actuaries and pricing managers learn from these developing loss trends, and how likely are they to continue in 2022?
In this session, Verisk experts reflect on the events of the last two years and how they have impacted losses, along with what insurers will need to be mindful of in terms of pricing in 2022.
Presentation Date:
17 February, 2022
Speakers:
Shani Clarke
Actuarial Consultant
Verisk
Eli Blum ACAS, MAAA, CPCU
Actuarial Consultant, Commercial Property
Verisk