Rise in claims severity puts a heavy burden on the insurance industry

insurancebusinessmag | June 28, 2019

Major corporations and their insurers should be shaking in their boots when it comes to their casualty insurance. The severity of claims related to large corporate risks (LCR) has increased in the past decade, and not by an insignificant degree.

Spotlight

A lot is changing in today’s global economy. Economic growth in North America appears to be slowing; likewise, there are signs of weakness in regions across the globe. With tariff wars, Brexit and military conflicts, there is uncertainty domestically and across the globe. Making business decisions in this environment can be daunting.

Spotlight

A lot is changing in today’s global economy. Economic growth in North America appears to be slowing; likewise, there are signs of weakness in regions across the globe. With tariff wars, Brexit and military conflicts, there is uncertainty domestically and across the globe. Making business decisions in this environment can be daunting.

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