Property-casualty underwriting risk only exists when the premiums generated on a given insurance line are less than the claims (losses) on the line.

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Property-casualty underwriting risk exists not only when premiums are less than claims but also from the uncertainty in predicting future claims and the possibility that actual claims could exceed expected claims, regardless of the premiums generated.

Property-Casualty Underwriting Risk Only Exists When the Premiums Generated on a Given