Monday, February 26, 2024

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GCP Short: Social inflation and insuring the new normal

Mikhail Raybshteyn, EY
Jim Bulkowski, EY
John Ferrara, EY

In this GCP Short, produced in collaboration with Friends of the Podcast EY, we discuss the concept of social inflation and what it means for insurance and the role of captives.

John Ferrara and Jim Bulkowski, both Senior Managers for Insurance & Actuarial Advisory Services at EY, explain what social inflation is and how it is changing the type of coverage of organisations are looking to purchase or self fund. Mikhail Raybshteyn, Partner at Co-Leader of EY Americas Captive Insurance Services, outlines the tax considerations of these new types of programmes.