Property & Casualty Insurance
This widely utilized sector provides coverage for personal and commercial assets (such as homes and vehicles) and protects policyholders against legal liabilities resulting from accidents.
Why it exists
P&C insurance exists to transfer risk related to property, vehicles, liability, and natural disasters.
Why it’s necessary
It allows individuals and businesses to operate without catastrophic financial ruin from unforeseen losses.
Key components
Auto, home, commercial, and liability coverage
Underwriting & pricing models
Claims organizations
Reinsurance relationships
How to evaluate businesses
Combined ratio, premium growth, underwriting discipline, catastrophe exposure, and reserve adequacy define success. Great P&C insurers grow slowly and compound reliably.
How the industry could be improved
Real-time risk pricing, climate modeling integration, automated claims via computer vision, and parametric insurance structures for faster payouts.