01 December 2022

Inflation rates in many economies around the world have been on the rise. The Russia-Ukraine war adds to inflationary pressures due to its impact on energy, commodity and food prices. High shipping costs paired with supply chain constraints have furthered fuelled inflation in many countries. Goods and services have thus become more expensive, consequently insurance claims also increase in cost.

For marine lines, the cost of loss is increasing, and the impact of inflation on the adequacy of deductibles and policy limits factors must further be considered.

In this webinar Sean Dalton, Executive Vice President, Head of Marine Underwriting, North America, Munich Re America and a member of IUMI’s Executive Committee and Education Forum, discusses the impact of inflation on marine insurance. 

Click here to access Sean's slides and here for the recording.