New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

American Bankers Association CTFA Exam - Topic 9 Question 46 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 46
Topic #: 9
[All CTFA Questions]

Which projection method uses paid losses plus reserves on outstanding claims?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Malcolm at Apr 01, 2023, 11:25 PM

Limited Time Offer

25%

Off

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Kate
4 months ago
Nope, it's not A or B, so C makes sense.
upvoted 0 times
...
Valentine
4 months ago
Just to clarify, it combines paid losses and reserves, right?
upvoted 0 times
...
Jolene
4 months ago
Wait, are we sure about that?
upvoted 0 times
...
Boris
5 months ago
I agree, C is the right choice!
upvoted 0 times
...
Dorsey
5 months ago
It's definitely the incurred loss method.
upvoted 0 times
...
Garry
5 months ago
I’m leaning towards incurred loss as well, but I wonder if there’s a trick in the wording of the question.
upvoted 0 times
...
Rosendo
5 months ago
I’m a bit confused; I thought average losses were related to overall trends, not specific claims.
upvoted 0 times
...
Gracia
5 months ago
I remember practicing a question like this, and I think the loss ratio method was more about comparing losses to premiums.
upvoted 0 times
...
Emile
5 months ago
I think the incurred loss method is the one that combines paid losses and reserves, but I'm not completely sure.
upvoted 0 times
...
Rene
5 months ago
Okay, I think I've got this. The key is to use Automation Studio to process and segment the new customer data, and then use Journey Builder to handle the actual campaign sends and decisioning. That way, I can leverage the strengths of both tools.
upvoted 0 times
...
Dexter
5 months ago
Hmm, this one seems tricky. I'll need to think carefully about the differences between Subflow and SpawnWorkflow.
upvoted 0 times
...
Yvonne
5 months ago
I'm pretty sure the answer is the user's password, since the sudo command is used to run commands as root, and it prompts for the user's password to authenticate.
upvoted 0 times
...
Ronald
10 months ago
As an actuary, I'm offended that 'None of the above' is even an option. Of course it's C, incurred loss. What kind of exam is this?
upvoted 0 times
Yaeko
8 months ago
I know, it's frustrating when exam questions are misleading.
upvoted 0 times
...
Twila
9 months ago
Yeah, it's definitely C, incurred loss.
upvoted 0 times
...
Coleen
9 months ago
I agree, 'None of the above' seems like a trick option.
upvoted 0 times
...
...
Coleen
10 months ago
Haha, D - None of the above? That's gotta be a trick answer. I'm going with C, the good old incurred loss method.
upvoted 0 times
Reita
9 months ago
I'm leaning towards A) Average losses, but now I'm not so sure.
upvoted 0 times
...
Lorenza
10 months ago
I'm not sure, but I think B) Loss ratio could also be a possibility.
upvoted 0 times
...
Julio
10 months ago
I think you might be right, C) Incurred loss does make sense.
upvoted 0 times
...
...
Corazon
11 months ago
I'm not sure, but I think it might be B) Loss ratio because it also considers the relationship between losses and premiums.
upvoted 0 times
...
Moira
11 months ago
D - None of the above? Really? This is a pretty straightforward actuarial concept. I'm confident it's C.
upvoted 0 times
Ivan
10 months ago
User 2: No, I'm pretty sure it's C - Incurred loss.
upvoted 0 times
...
Micah
10 months ago
User 1: I think it's B - Loss ratio.
upvoted 0 times
...
...
Leota
11 months ago
I was torn between B and C, but I'm going with C since it specifically mentions paid losses plus reserves. Seems like the more comprehensive approach.
upvoted 0 times
...
Carlene
11 months ago
I think it's option C - Incurred loss. That makes the most sense to me in terms of accounting for both paid losses and outstanding reserves.
upvoted 0 times
Raina
9 months ago
No problem! It's always good to double check and make sure you understand the different projection methods.
upvoted 0 times
...
Vivan
10 months ago
Oh, I see. Thanks for clarifying that. I wasn't sure about the other options.
upvoted 0 times
...
Markus
10 months ago
Yes, you're correct. Incurred loss is the projection method that uses paid losses plus reserves on outstanding claims.
upvoted 0 times
...
Gwenn
10 months ago
I think it's option C - Incurred loss. That makes the most sense to me in terms of accounting for both paid losses and outstanding reserves.
upvoted 0 times
...
...
Viki
11 months ago
I agree with Lisbeth, because it takes into account both paid losses and reserves.
upvoted 0 times
...
Lisbeth
11 months ago
I think the answer is C) Incurred loss.
upvoted 0 times
...

Save Cancel