Actuaries spent too long thinking that inflation risk was a thing of the past
Inflation and insurance
By Wilbert Ouborg and Pieter Bouwknegt
|Dr Wilbert Ouburg MSC AAG FRM is CRO NN Life & Pensions
|Drs. Pieter Bouwknegt AAG is Balance Sheet and Capital manager NN Life & Pensions
One word is turning up everywhere at the moment: inflation. After many years of a general belief that high inflation was definitively over, it has undeniably returned. We are noticing it at the bakery, in the beer garden and when we book travel.
This article represents the opinion of the authors, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 32 – December 2022
This article has been published in De Actuaris of October 2022