American Bankers Association Exam CTFA Topic 1 Question 42 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 42
Topic #: 1

[All CTFA Questions]

A holistic analysis in a multi-scenario framework of all significant factors that can affect an insurer's future financial condition is called:

AInsurance resting (IT)

BDynamic solvency testing (DST)

CFinancial testing (AT)

DAdequacy testing (AT)

Show Suggested Answer

Suggested Answer: B

by Tiffiny at Jan 10, 2023, 08:07 AM

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12 days ago

I'm not sure about the answer. Can someone explain why the other options are not correct?

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14 days ago

I agree with Kerry. Dynamic solvency testing is crucial for insurers to ensure they can meet their obligations in different situations.

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16 days ago

I think the answer is B) Dynamic solvency testing (DST). It involves analyzing various scenarios to assess financial condition.

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