As inflation seems to be abating, Best’s Review Magazine caught up with Chris Donelan, CEO, Global Reinsurance, Sompo International to discuss the lessons reinsurers have learned during periods of high inflation. Noting that the reinsurance industry was not expecting a housing material shortage, rising labor costs, chip shortages, and then unemployment at historical lows with almost 10% inflation all at once, he said “The lesson we learned is that a lot can happen with inflation, and it’s almost a silent heart attack at times if you’re not paying attention to it.”
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