Exercise 3

3-1 We are currently in a soft insurance market. They are numerous insurance companies which offer a healthy competition in the sector. Also, the companies have low prices and are willing to negotiate on the terms of coverage. Further, the companies are offering some coverages for free, and their underwriting standards are relatively relaxed.

3-2 We can tell where the woman works. The property and casualty industry is insurance companies which partake underwriting and also are property carriers policies like the fire, marine and other surety policies. The casualty area comprises when an accident is realized when she is among the people who determine the extent of the loss whether to compensate or not.