This specialized course focuses on property and casualty insurance risk assessment and pricing methodologies, providing comprehensive knowledge of P&C insurance operations and underwriting practices. Participants will learn to evaluate property risks, assess liability exposures, and develop appropriate pricing strategies for various P&C insurance lines. The curriculum covers commercial and personal lines insurance, catastrophe modeling, claims reserving, and regulatory requirements specific to property and casualty insurance. Through practical case studies and risk assessment exercises, learners will develop the skills needed to make informed underwriting decisions and optimize pricing strategies in competitive insurance markets.
Property and Casualty (P&C) Insurance: Risk Assessment and Pricing
Banking, Insurance and Financial Services
October 25, 2025
Introduction
Objectives
Upon completion of this course, participants will be able to:
- Assess property and liability risks effectively
- Develop appropriate pricing strategies for P&C products
- Apply underwriting guidelines to various risk types
- Utilize catastrophe modeling in risk assessment
- Navigate P&C insurance regulations
- Analyze claims data for pricing decisions
- Develop reinsurance strategies for P&C risks
- Implement risk control and loss prevention measures
- Evaluate emerging risks in P&C insurance
Target Audience
- P&C Underwriters
- Insurance Pricing Analysts
- Risk Managers
- Insurance Product Managers
- Claims Professionals
- Insurance Brokers
- Actuarial Staff
Methodology
- Risk assessment case studies
- Pricing model exercises
- Catastrophe modeling workshops
- Claims analysis simulations
- Underwriting decision scenarios
- Regulatory compliance exercises
Personal Impact
- Enhanced P&C underwriting skills
- Improved risk assessment capabilities
- Stronger pricing analysis abilities
- Better understanding of catastrophes
- Enhanced analytical thinking
Organizational Impact
- Improved underwriting profitability
- Enhanced risk selection
- Better pricing accuracy
- Reduced claims volatility
- Increased market competitiveness
Course Outline
Unit 1: P&C Insurance Fundamentals
Market Overview- Types of P&C insurance products
- P&C insurance market structure
- Key P&C insurance concepts
- Regulatory environment overview
Unit 2: Property Risk Assessment
Physical Risk Evaluation- Building construction and protection
- Natural catastrophe exposure
- Business interruption risks
- Property valuation methods
Unit 3: Liability Risk Assessment
Legal Exposure Analysis- General liability risk factors
- Professional liability exposures
- Product liability considerations
- Workers compensation risks
Unit 4: Pricing Methodologies
Premium Development- Loss cost estimation techniques
- Expense loading calculations
- Profit and contingency margins
- Competitive pricing analysis
Unit 5: Catastrophe Modeling
Natural Disaster Risk- Catastrophe model components
- Earthquake and flood risk assessment
- Hurricane and windstorm modeling
- Climate change impacts
Unit 6: Claims and Reserving
Loss Analysis- Claims reserving techniques
- Loss development patterns
- Claims trend analysis
- Large loss management
Unit 7: Emerging Risks
Future Challenges- Cyber risk insurance
- Climate change adaptation
- Technology risks
- Regulatory developments
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