Unlike the life insurance industry, property-casualty insurers have more uncertainty about the timing of policy payouts.

Question

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Property-casualty insurers cover losses that are more variable and unpredictable than life insurance policies, so they cannot always accurately predict the timing and amount of policy payouts. For example, a home insurance policy may need to pay out after a sudden disaster like a fire, whereas a life insurance policy typically pays out upon the death of the policyholder, which may be a more predictable event.

Unlike the Life Insurance Industry, Property-Casualty Insurers Have More Uncertainty