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Social Inflation Insight

Introducing Triple-I's New Social Inflation Insight

Simply put, social inflation is hard to measure, yet important to understand. The Insurance Information Institute (Triple-I) continues to place a strong emphasis on uncovering and quantifying social inflation and what’s driving this ever-growing phenomenon. Social inflation is the term commonly used to describe the impact of rising litigation on insurers’ costs.

In fact, our recent study with the Casualty Actuarial Society (CAS) found that social inflation is contributing to skyrocketing insurance costs at an astounding rate. In the commercial auto industry alone, social inflation cumulatively increased liability payouts $20 billion over the past decade (2010-2019).

It’s more important than ever to explore social inflation and how it’s impacting insurers, policyholders, the economy, and even society. That’s why we’re pleased to introduce Triple-I’s new Social Inflation Insight. These eblasts will share news, helpful resources, and brief analyses on social inflation from Triple-I and around the industry.  

We’ve even created iii.org/socialinflation to be a hub for social inflation content and resources. For further information on this initiative, contact Triple-I’s Michael Barry at michaelb@iii.org.
 
To learn more, visit iii.org/socialinflation
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