Dye points to pricing changes following claims inflation


Allianz UK CEO John Dye has said that recent prices from the insurer have reflected the current climate of claims inflation.

“We have seen a deterioration in the performance of theft. It is almost as if the economy has been in recession as theft and arson tick up when the economy is under pressure.”

“While Mark Carney might tell us we are not in recession we can see an increase in theft claims both in terms of the number of them and their cost.”

Dye noted that the insurer believed that

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: