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SpendQube: Underlying Inflation - Property Claims

Updated: 4 days ago


Insurers are experiencing significant inflation in property claims alongside a shift in the type of inflation.


Typically, two types of inflation apply to claims:


  • Underlying, which is market wide inflation driven by external factors (e.g. the war in Ukraine, pandemic),

  • Inherent which is inflation which relates to the Insurers portfolio (e.g. risk mix, distribution strategy)

  • There is then a 3rd complicating factor, which is the impact Claims deals or arrangements you have in place are having


Using our technology, SpendQube, we have automated the process to compute the general inflation and underlying inflation across all building codes to show what is happening to claims portfolio.


As a result, insurers gain a better understanding of the factors influencing pricing, enabling them to make data-driven decisions.




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