The two major components of expense risk for P&C insurers are

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The two major components of expense risk for P&C insurers are loss adjustment expenses and variations in commission and other expenses. Loss adjustment expenses refer to the cost of investigating and settling insurance claims, while variations in commission and other expenses can include fluctuations in the cost of running an insurance company such as salaries, rent, and marketing expenses. These factors can significantly impact an insurer's profitability and financial stability. The other options listed are not directly related to expense risk for P&C insurers.

The Two Major Components of Expense Risk for P&C Insurers