Insurers foresee high premium increases to compensate for inflation

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Insurance premiums, especially for cars, will rise significantly in the coming months to offset runaway inflation last year. That is at least what the president of Mapfre, Antonio Huertas, foresees, who participated yesterday in the APIE seminar of the UIMP in Santander. Last year the average CPI exceeded 8%, so that could be the percentage increase in some cases. In his opinion, the solvency of the entities must be guaranteed with a price increase. In the same scenario, the general director of Línea Directa, Patricia Ayuela. She has been more cautious and has stated that there are car customers that, due to their type, are not necessary.

Costs have risen brutally and premiums have suffered a cushioning process, a decrease in recent years to accommodate the drop in frequency that occurred in the Covid years,” recalled the president of Mapfre to justify Russia Mobile Number List the need to adjust the premiums to the new reality. In the case of the car, the manager assured that "out of prudence" the highest costs must be included in the calculation of the premiums to "guarantee solvency and sufficiency." In a colloquium, Huertas criticized the anti-squatting insurance marketed by Línea Directa. The CEO of the latter has defended that there are about 10,000 complaints about squatting in Spain while there are about 16,000 fires. And he added that no one considers not having fire insurance.



The president of Mapfre has also referred to the potential of artificial intelligence for the sector. In his opinion, it is not possible to put gates on the field and it must be incorporated into the activity with caution.While Schumer did not lay out the details of such legislation, he offered some key goals: protecting U.S. elections from misinformation or AI-generated interference, protecting U.S. workers and intellectual property, and protecting U.S. workers and intellectual property. AI legislation should also promote American innovation, Schumer said in a speech at the Center for Strategic and International Studies, a Washington think tank. “If applied correctly, AI promises to transform life on Earth for the better,” Schumer said. “It will reshape the way we fight disease, address hunger, manage our lives, enrich our minds and ensure peace.