Tariffs and Their Effects on Personal Auto Insurance Costs: An Actuarial Perspective

The Academy’s Automobile Insurance Committee has released a new issue brief, Tariffs and Their Effects on Personal Auto Insurance Costs: An Actuarial Perspective. The brief examines how tariff volatility has created substantial economic uncertainty and how that might increase both auto insurance claim costs and premiums. The brief also outlines which actuarial standards of practice should be referenced when assessing and disclosing tariff-related risks and uncertainties.