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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?

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Suggested Answer: B

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

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Kate
7 months ago
Nope, it's not A or B, so C makes sense.
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Valentine
7 months ago
Just to clarify, it combines paid losses and reserves, right?
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Jolene
7 months ago
Wait, are we sure about that?
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Boris
7 months ago
I agree, C is the right choice!
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Dorsey
7 months ago
It's definitely the incurred loss method.
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Garry
8 months ago
I’m leaning towards incurred loss as well, but I wonder if there’s a trick in the wording of the question.
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Rosendo
8 months ago
I’m a bit confused; I thought average losses were related to overall trends, not specific claims.
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Gracia
8 months ago
I remember practicing a question like this, and I think the loss ratio method was more about comparing losses to premiums.
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Emile
8 months ago
I think the incurred loss method is the one that combines paid losses and reserves, but I'm not completely sure.
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Rene
8 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.
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Dexter
8 months ago
Hmm, this one seems tricky. I'll need to think carefully about the differences between Subflow and SpawnWorkflow.
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Yvonne
8 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.
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Ronald
1 year 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?
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Yaeko
11 months ago
I know, it's frustrating when exam questions are misleading.
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Twila
11 months ago
Yeah, it's definitely C, incurred loss.
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Coleen
11 months ago
I agree, 'None of the above' seems like a trick option.
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Coleen
1 year 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.
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Reita
12 months ago
I'm leaning towards A) Average losses, but now I'm not so sure.
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Lorenza
1 year ago
I'm not sure, but I think B) Loss ratio could also be a possibility.
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Julio
1 year ago
I think you might be right, C) Incurred loss does make sense.
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Corazon
1 year ago
I'm not sure, but I think it might be B) Loss ratio because it also considers the relationship between losses and premiums.
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Moira
1 year ago
D - None of the above? Really? This is a pretty straightforward actuarial concept. I'm confident it's C.
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Ivan
1 year ago
User 2: No, I'm pretty sure it's C - Incurred loss.
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Micah
1 year ago
User 1: I think it's B - Loss ratio.
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Leota
1 year 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.
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Carlene
1 year 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.
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Raina
1 year ago
No problem! It's always good to double check and make sure you understand the different projection methods.
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Vivan
1 year ago
Oh, I see. Thanks for clarifying that. I wasn't sure about the other options.
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Markus
1 year ago
Yes, you're correct. Incurred loss is the projection method that uses paid losses plus reserves on outstanding claims.
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Gwenn
1 year 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.
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Viki
1 year ago
I agree with Lisbeth, because it takes into account both paid losses and reserves.
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Lisbeth
1 year ago
I think the answer is C) Incurred loss.
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