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Social Inflation Insight

Social Inflation Insight: Social Inflation’s COVID Decline 
 

Good morning, 
 
It's no secret that the COVID pandemic has provided a massive shock to the global economy over the past two years and left many wondering how it would impact litigation payouts. While early data suggested that social inflation may be decreasing, a report from S&P's Global Market Intelligence indicates the slide is likely illusionary. 
 
In its report, S&P indicates that COVID-induced reduction in civil litigation coupled with pandemic-related lengthening of case times are likely temporary phenomena.
 
The question, it seems, is how strongly social inflation will return. 
 
An American Transportation Research Institute report left little doubt that social inflation was a growing threat at the start of the pandemic. As civil litigation cases pick back up, we expect social inflation to continue its unrivaled growth if unaddressed. 

Triple-I will continue to bring you the best research and analysis so you can stay ahead of the social inflation curve. Go to iii.org/socialinflation for more resources.
 

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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