Need for Liability Insurance Increases with Emerging Risks

  Tuesday, September 16th, 2014 Source: Insurance Journal

Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk, hydrofracking and autonomous cars will likely be among the drivers of liability claims in years ahead. Liability claims have been below trend in the weak economic growth environment of recent years, boosting insurers’ profitability despite declining prices.

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