US Property and Casualty Insurance Market Report 2022
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“P&C insurers have been able to pull away from the apex of the pandemic relatively unscathed, but the current economic climate is shaping up a challenging 2022 for providers. For auto, inflationary pressures amid supply chain issues have ramped up the costs of replacement parts, repairs and rental cars. Homeowners has also faced a similar fate, with supply chain delays leading to higher prices of construction goods. The one constant likely to face consumers already strained by inflation is higher premiums, as providers grapple with more frequent claims due to driving habits normalizing, and larger payouts as a result of current economic conditions. Leaning into perks and incentives remains as critical as ever to sustain consumer loyalty amid rising premiums, with 2022 likely to see pronounced insurance shopping activity.”
– Amr Hamdi, Finance Analyst
This Report looks at the following areas
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