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Risk in Context Podcast: High inflation increases underinsurance risk

Inflation rates have varied across regions, putting more pressure on companies with global exposures and assets in different countries.

Pen pointing to an inflation chart

Countries around the world are impacted by high rates of inflation, which are affecting the value of insured assets. Amid increased underwriter scrutiny, businesses should review insured values for their properties and their contents, updating them to reflect today’s rebuilding and replacement costs to minimize the risk of underinsurance following a loss.

In this episode of Risk in Context, Michael Rouse, Marsh’s US Property Practice Leader, talks with Clarissa Franks, Placement Leader, Risk Management, Corporate and Commercial, Tim Ramsayer, Valuation Practice Leader, and Raj Lakhani, International Practice Leader for Analytics Solutions. They discuss the importance of robust data and updated valuations in today’s inflationary environment.

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Key takeaways

Accurate valuations especially critical during inflationary periods

High inflation is putting increased pressure on asset values that had already been affected by supply chain issues and labor shortages.

Different speed of inflation complicates global exposures

Inflation rates have varied across regions, putting more pressure on companies with global exposures and assets in different countries.

Robust data can improve underwriting process and insurer confidence in valuations

Data that supports reported values can improve insurer confidence in valuation and help organizations make better risk decisions.

About our speakers

Michael Rouse

Michael Rouse

US Property Practice Leader, Marsh

Raj	Lakhani

Raj Lakhani

International Analytics Solutions Leader

Tim Ramsayer

Tim Ramsayer

Valuation Practice Leader

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