Work

An overview of social inflation in the US property and casualty insurance industry in 2025

Year: 2026

Type: article

Abstract: This paper examines social inflation in the US property and casualty (P&C) insurance industry, exploring its definition, origins, and key drivers. We highlight its evolution over time and growing significance in 2025, and we discuss potential strategies for insurers, reinsurers, and policymakers to mitigate its impact in the future. We conclude that more academic research is necessary to evaluate social inflation.

Source: Risk Management and Insurance Review

DOI: 10.1111/rmir.70037

Authors: Marie‐Laure Badiel, Georges Dionne

Institution: HEC Montréal

Language: English

Topic: Insurance and Financial Risk Management

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $3,400

Funder: Social Sciences and Humanities Research Council of Canada