After a long period of relative stability, inflation increased a lot from mid-2021 in Luxembourg and Belgium.
This evolution had to be considered by non-life insurance companies when computing their technical provisions (i.e. when estimating future expected claims payments) but how?
NB: This presentation was given as part of the ILAC conference named “Impact de l’inflation sur le provisionnement non-vie: Benchmarking des pratiques au Belux”.
This evolution had to be considered by non-life insurance companies when computing their technical provisions (i.e. when estimating future expected claims payments) but how?
NB: This presentation was given as part of the ILAC conference named “Impact de l’inflation sur le provisionnement non-vie: Benchmarking des pratiques au Belux”.