Briefly, those who are arguing for ongoing hardening, such as Swiss Re, point towards the post-pandemic risk of inflation sharpening the existing increase in claims cost from social inflation.
How long can the reinsurance market defy gravity?
![Guy Carpenter RoL index covid v2.jpg](https://assets.euromoneydigital.com/dims4/default/3b86d4c/2147483647/strip/true/crop/620x380+0+0/resize/840x515!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F4b%2F5a%2Ff311c7de4be1b2f57c362a053b31%2Fguy-carpenter-rol-index-covid-v2.jpg)
Briefly, those who are arguing for ongoing hardening, such as Swiss Re, point towards the post-pandemic risk of inflation sharpening the existing increase in claims cost from social inflation.