Dye points to pricing changes following claims inflation

Property claims are increasing as Allianz warns that theft is on the up and calls on brokers to carefully communicate with customers and make use of risk management services.

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