- Thirty percent of the people are honest, 30% are dishonest, and 40% are situationally honest or dishonest. That means that 70% of the people could commit fraud if given the opportunity (Source: PropertyCasualty360).
16 Must-Know Stats For P&C Insurance Companies
Property and casualty (P&C) insurance companies have to juggle many complex processes, and it’s not easy. Between closing new policies, modifying existing policies, and processing claims, taking care of policyholders’ losses and potential losses is a heavy responsibility.
In addition, combating fraud, maintaining compliance, and boosting efficiency are constants that can’t be overlooked.
In this article, we have selected statistics that will help P&C companies assess their current priorities based on the real, quantifiable impact these issues have on their business.
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