The number one issue facing consumers, businesses and governments right now is inflation, with countries from the USA to the UK, all grappling with high levels of inflation not seen since the 1980s.
Inflation has been raging at high levels due to a combination of factors ranging from the COVID-19 pandemic, Brexit and the Russia-Ukraine conflict.
This “cost-of-living” squeeze has naturally led many households and businesses to look to reduce their spending across the board, and for many insurance is in the firing line.
So, it is little surprise that the insurance market is worried about rising inflation, which comes at a difficult moment for the industry.
All of these issues and more are the focus of this new white paper, whose focus on the UK economy and the Lloyd’s of London insurance market, explores the following:
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