AGCS highlights key trends putting pressure on liability insurers

Sep 16, 2020 - Reinsurance News

While pricing in the liability insurance market may have turned in recent months, Allianz Global Corporate & Specialty (AGCS) has highlighted a number of market trends that continue to apply pressure on the sector’s insurers.

Social inflation, a phenomenon especially prevalent in the US, has been driven in recent years by a growing emergence of litigation funders, higher jury awards, and more liberal workers’ compensation claims.

Allianz pegs the median settlement amount of the ...