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An overview of social inflation in the US property and casualty insurance industry in 2025

Author

Listed:
  • Marie-Laure Badiel

    (HEC Montréal)

  • Georges Dionne

    (HEC Montréal)

Abstract

We propose an overview of social inflation in the US P&C insurance industry. We present the definition and origin of social inflation. We review the main motivations behind social inflation and describe its growth over time and its importance in 2025. We discuss how insurance and reinsurance industry and governments can mitigate the impact of social inflation in the future.

Suggested Citation

  • Marie-Laure Badiel & Georges Dionne, 2025. "An overview of social inflation in the US property and casualty insurance industry in 2025," Working Papers 25-05, HEC Montreal, Canada Research Chair in Risk Management.
    • Handle: RePEc:ris:crcrmw:021525
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    Keywords

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    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics

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