Social inflation has pricing inadequate in ‘a number of lines’- Munich Re

Pricing remains inadequate across a number of casualty and liability lines as both primary carriers and reinsurance carriers play catch-up with ever-enduring social inflation, Munich Re believes. 

“We think there are quite a number of areas where pricing is not adequate in primary as well as the reinsurance market,” Munich Re CFO Christoph Jurecka told his company's Q1 earnings call. 

“I don't think we are there yet as an industry at all,” he said. 

Social inflation has no reason to slow down at the current juncture, he indicated. 

“Why should it dampen at all?” Jurecka asked, “I don't expect that to happen.”

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