Fire, natural catastrophes and faulty workmanship top causes of insurance claims for business 

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Global Claims Review 2022: Allianz Global Corporate & Specialty analyzed more than 530,000 insurance claims from 2017 to 2021 with a value of €88.7bn (US$90.4bn).Claims severity has increased while inflation will further challenge costs. Updating valuations of assets is key for companies and insurers. Contingent business interruption claims reach a new level driven by broken supply chains. Cyber claims remain elevated. Ukraine war: claims activity manageable for most insurance segments.