Social Inflation Articles

Social Inflation and Loss Development
This paper examines evidence of social inflation in industrywide loss development triangles with a focus on Commercial Auto Liability.

Social Inflation and Loss Development – An Update
This paper extends our prior analyses on social inflation and loss development through the end of 2021, focusing again on commercial auto liability.

Impact of Increasing Inflation on Personal and Commercial Auto Liability Insurance
Inflationary trends in auto liability insurance, personal and commercial combined, drove loss and defense containment costs (DCC) between $96 billion and $105 billion higher than they would have been for the period from 2013 to 2022.

Increasing Inflation on Auto Liability Insurance – Impact as of Year-end 2023
Using actuarial methods such as loss development factors and industry-wide data analysis, the paper highlights how inflationary pressures have intensified from 2014 to 2023, necessitating adjustments in insurance pricing and risk management.

Social Inflation and Loss Development – Medical Malpractice
Using insurance company annual statement data, this study estimates that in the decade ending in 2021, between $2.4 and $3.5 billion, or 8 to 11 percent, of all medical malpractice losses incurred by physician-focused insurers stemmed from social inflation.

Social inflation and health care risk management
This paper examines the concept of social inflation as it affects medical malpractice insurance claims, a phenomenon that warrants monitoring by risk managers in health care.

Social Inflation and the Bornhuetter-Ferguson Method
This article discusses the affects of social inflation on a commonly used actuarial technique called the Bornhuetter-Ferguson Method.