Cover Story – Motor third-party bodily injury claims in Asia: Inflation on the rise
Source: Asia Insurance Review | Apr 2011
With consumer prices rising and central banks lifting their lending rates in recent months, inflation has become a hot topic across Asia. What does this mean for motor insurers? Specifically, what are the effects on third-party bodily injury cover and how can we deal with such effects? Dr Reto Brosi, Head of the Casualty Desk at Swiss Re China, discusses how inflation can affect claims cost and how a reinsurer’s expertise in claims handling can be an effective tool in mitigating the impact of inflation.
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