News & Insights
Month: April 2022
You may have read recently that inflation is currently at its highest rate for 30-years – With Brexit, the global pandemic, and now the war in Ukraine, inflation is set to be an estimated 7.25% by the end of April 2022. We are all seeing the effects of this on the wider economy; on energy bills, fuel, raw-materials shortages and, then there is the impact within the insurance industry.
Caused by the aforementioned factors; index linking and claims inflation are resulting in rating increases or higher premiums. In this post, we delve into why these may be causing your premiums to rise.