Analysis: Tough times ahead in the inflationary storm
With the UK inflation rate hitting a 40-year high of 10.1% and claims costs rising, Post investigates what is steering this inflation, and what the industry is doing to mitigate the pressures that come with it.
According to recent WTW data, UK motor claims inflation stood at 6.2% in 2021 – much higher than the previous year’s general inflation rate of 2.1%. This increase took the average cost per claim from
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