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As inflation rates remain high, businesses should review their insured values and their policy wording to determine whether their insurance programs remain adequate.
Inflation rates have varied across regions, putting more pressure on companies with global exposures and assets in different countries.
The Federation of European Risk Management Associations (FERMA) Forum returns between 9th and 11th October, 2022 in Copenhagen, Denmark.
Get in touch with Marsh @ FERMA Forum 2022
Businesses and governments should not lose sight of the indirect consequences of the Russia-Ukraine conflict, which may persist for a long time.
Irrespective of your company’s size or type of operation, a plan should be put into place to make your organisation more resilient to cyber incidents.
Insurance pricing in the second quarter of 2022 in Asia increased 3%, the same as in the prior quarter.
Insurance pricing in the Pacific region increased 7%, down from 10% in the prior quarter and the sixth consecutive quarterly reduction in rate increases.
Insurance pricing in the second quarter of 2022 in Continental Europe (CE) increased 6%, the same rate of increase as in the first quarter.
Insurance pricing in the second quarter in the Latin America and Caribbean (LAC) region increased 5%, a decline from 6% in the prior quarter.
Insurance pricing in the second quarter of 2022 in the UK increased 11%, compared to 20% in the first quarter.
Insurance pricing in the second quarter of 2022 in the US increased 10%, compared to 12% in the prior quarter.