Inflation makes companies more vulnerable to business interruption risks

Christos Adamantiadis, CEO Middle East and Africa at Marsh LLC, said that soaring inflation has made it difficult for companies to accurately estimate the value of their assets and subsequent business interruption costs, Middle East Insurance Review reported. The Ukraine war has aggravated the inflationary pressures created by the COVID-19 lockdowns and supply chain disruptions. However, a lack of accurate inflation data in the Middle East and North Africa regions poses an existential threat to insurers as they are unable to determine their true exposure to certain risks.