Best’s Review 12/22- In New Year, Insurers Face Prospects of Inflation and Recession

The December issue includes Best’s Review’s annual listing of top auditors and actuaries as well as rankings of U.S. surplus lines insurers and U.S. inland marine, U.S. ocean marine and U.S. fire and allied writers. As 2022 comes to a close, insurers see uncertainty on the horizon, with inflation often cited as one of their top concerns for the new year. “What I’m expecting is that pricing will remain rational and that pricing will continue to reflect the underlying loss cost trends,” said Robert Hartwig, director, Risk and Uncertainty Management Center, Darla Moore School of Business, University of South Carolina.“So does that mean the overall market will be harder? Potentially not, but pricing will likely be at level pace that would allow insurers to generate reasonable underwriting results.” Click here to view the article.