Insurance during times of exstrem inflation?

by SirAwesome52

I've been studying to become an insurance agent and one of the things that's a option is an inflation guard. So that got me a thinking.

What happens when inflation goes above 8% (Like Japan) and how have insurance companies been effected? Also what happens in times of unrest (like Greece)?

piyochama18

A couple of follow up questions for OP:

  1. The history of insurance spans millenia, to the point where we even have Biblical stories of pseudo-insurance policies (read: the story of Joseph in Genesis, where he essentially is building an insurance plan in Egypt against famine). Which periods in particular are you interested in?
  2. From the sounds of it, it sounds like you're studying either life or property/casualty insurance. Is that the specific area you want information on?