Cognalysis webinar series
2022-10: Inflation and COVID Impacts, a Dangerous Combination for Actuaries
October 25th, 2022
Speaker: Chris gross- cognalysis
The COVID pandemic temporarily reduced the potential for losses under many insurance policies. It also led to significant a slowdown in claim settlement as courts were unable to function normally. Now high inflation has arrived, unseen at these levels for 40 years, changing the cost not only of the claims to come, but also likely changing the cost of policies written years ago. Together the combination of these effects creates a very murky picture for the property-casualty actuary (reserving and pricing). This webinar will demonstrate the seriousness of this problem for the industry and offer some possible analytical solutions.