The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Tryfonas Spyrou - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: I have one question. I was wondering you can perhaps comment on where do you see claims inflation across the different parts of your book for
example, motor, housing and obviously in different sort of geographies in Norway versus Denmark? And I guess, following off on that, how do you
see competition in these markets? Do you feel the competition being rational? When it comes to price increases or DC taking different approaches?
Question: Tryfonas Spyrou - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: And I guess just a comment on that, are you sort of pricing and (inaudible)?
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Two questions from me. First, can you give some color on how the current inflationary environment is impacting the reserves under look at how
1% high -- percentage points higher increase over the next 3 years will impact (inaudible)? And the second question on the procurement in this
current environment, is it more difficult for you now to renew agreement with suppliers? And are there any increasing changes in terms of terms,
et cetera?
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Inflation point, they are 1% of your over the next 5 years, how will that impact the total service and can you give us some number sensitivity here
just for us to do the calculation ourselves?
Question: Thomas Svendsen - SEB, Research Division - Analyst
: Question to the large claims. If you look at the large claims look away from weather effects, is it possible to say anything about how much or a
cyclical component that these larger claims are increasing and the economy is doing well and how much is unlock? And if you should be prepared
for maybe more large claims in the next couple of years than what we have seen the last couple of years?
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APRIL 27, 2022 / 7:00AM, GJFG.OL - Q1 2022 Gjensidige Forsikring ASA Earnings Call
Question: Thomas Svendsen - SEB, Research Division - Analyst
: And another question to private Norway. Is that the households or your customers expose income is produced by electricity prices drive increases,
interest rate increases and now also sharp insurance premium increases? Should we still expect that sort of the underlying volumes if is not sensitive
to sort of household income? Or should we expect the demand sort of top demand for insurance to go down, households are doing something
because the disposal income is sharply decreasing?
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