Understanding Property and Casualty Insurance: A Comprehensive Overview

Introduction

This report delves into the realm of property and casualty (P&C) insurance, a vital component of the financial services industry that safeguards individuals and businesses against various risks. The purpose of this overview is to elucidate the fundamental aspects of P&C insurance, including its definition, types, and significance in risk management. By providing a comprehensive understanding of this sector, the report aims to highlight its role in mitiga