What is the Definition of Property/Casualty Insurance Cycle?
Industry business cycle with recurrent periods of hard and soft market conditions. In the 1950s and 1960s, cycles were regular with three year periods each of hard and soft market conditions in almost all lines of property/casualty insurance. Since then they have been less regular and less frequent.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Property/Casualty Insurance Cycle?
You can find random definition and meaning of insurance terms below:
What is the meaning of Limits of insurance
The amount an insurance company will pay for a covered loss, as stated in the policy.
What is the meaning of Loss
Direct and accidental damage to an insured property or automobile, which is the basis for filing a claim.
What is the meaning of Loss assessment coverage
Coverage providing reimbursement for extra fees assessed by a condominium or homeowners association. It is subject to a deductible and the limit stated in the policy.
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