AFDP 2024: Property & Casualty I

In this session, participants will receive an introduction to the fundamentals of Property and Casualty (P&C) insurance. The module begins with an overview of the global insurance industry, highlighting the significance and market dynamics of P&C insurance. Key components such as underwriting, pricing, claims, and reserving will be explained, emphasizing their importance in effective insurance management. Basic definitions and methodologies for pricing and reserving will be introduced. The session concludes with an exploration of the unique challenges and growth opportunities in developing countries, illustrated with relevant case studies.