Overview
The 2,300 property and casualty insurance carriers in the US underwrite insurance policies that protect policy holders against losses that may occur as a result of property damage or liability. Major types of policies include vehicle property and liability; property and liability; and general liability. Other types of policies sold include health, life, and accident insurance. Large firms may offer reinsurance policies, which limit the amount insurers can lose.
Uncertainty Related to Risk and Losses
Success in the property and casualty insurance business is dependent on a firm’s ability to underwrite and price risk accurately and estimate losses.
Natural Disasters and Other Catastrophes
Damage and destruction due to natural disasters and other catastrophes expose property and casualty insurers to the financial burden of covering massive losses.
Industry Financial Benchmarks
Here are typical financial statements for property & casualty insurance carriers.
This data is provided by Powerlytics, Inc. Powerlytics is a big data predictive analytics platform provider with the most comprehensive, accurate and granular consumer and business financial data available in the marketplace. Its proprietary platform provides a comprehensive financial view of the over 200 million adults and 30 million businesses that comprise the American economy. Learn more about Powerlytics products & data.
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