PHIL’S CORNER: The Impact of Inflation on Insurance
PHIL’S CORNER: The Impact of Inflation on Insurance I’m not an economist, but I could play one on TV. Plus, which economist do you believe since they all have slightly different opinions. So, let’s stick to the things most people in the insurance industry agree: the impacts from inflation we are almost certain will occur. We know many actuaries are nervous in issuing their opinions because inflation has changed the environment in their financial forecasting and the impact on loss reserves, pricing...