Rate expectations

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Severe bodily injury claims inflation may, on average, remain in the range of 10% each year, but claims 'spikes' can make it unrealistic for this figure to form the basis of pricing assumptions. Niranjan Nathan provides a reinsurer's perspective

It is often suggested that severe bodily injury claims enjoy a stable long-term inflation trend of about 10% each year. Figures around this level have been confirmed by the recent Fourth UK Bodily

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