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Fraudulent disaster claims cost P&C insurers extra $4.6bn to $9.2bn

May 18, 2022

Fraud, litigation, claims inflation, social inflation, loss adjustment expenses, there seems a multitude of reasons for natural disaster insurance claims to become amplified and for higher loss costs to ultimately flow to providers of reinsurance capital, including ILS funds and investors.

But quantifying where the inflated claims costs are coming from and which components are meaningful to the reinsurance and insurance-linked securities (ILS) space is hard.

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