Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
Domestic motor insurance makes up the lion's share of its business, and between normalizing claims frequency post-COVID and an inflation-driven rise in claims severity, the macro environment posed a severe headwind to underwriting profitability.
While the readout didn't capture the large wage increases that went into effect July 1, it still undercut the notion inflation was causing inflation-driven, price-wage spiral.