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Price inflation is having a direct affect on the price of construction materials, impacting both existing projects and future projects alike.

It has been widely reported by global media outlets that inflation is one of the biggest threats to the economy in 2022. There can be various consequences of inflationary increases such as valuating risks accurately becoming more challenging and where claims arise, underinsurance becoming more prevalent.

In this article for the Middle East Insurance Review, Niall Metcalfe discusses the factors influencing global price inflation and repercussions of this volatility from an insurance standpoint. 

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