Shock to the system: Insurance's role in absorbing the impact of inflation

Heard in the news and felt in our pockets; since the onset of the COVID-19 pandemic, inflation has, with ever-increasing regularity, become a fact of life. Back then, higher commodity costs, supply-chain bottlenecks, and rising energy prices lay at the heart of the matter. Russia’s invasion of Ukraine in late February 2022 only served to push the needle further. Now, we are feeling the effects of an inflationary environment and periods of lower economic growth, illustrated most plainly by price shocks and the subsequent cost of living crisis. In such a landscape, insurers have a unique perspective...