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SOFE AFE Exam - Topic 4 Question 98 Discussion

Actual exam question for SOFE's AFE exam
Question #: 98
Topic #: 4
[All AFE Questions]

Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.

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Suggested Answer: A

by Bette at Apr 09, 2025, 09:55 AM

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Sharen
4 months ago
I thought it was only for paid claims, interesting!
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Sharen
4 months ago
Yep, it's based on either paid or insured data.
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Shay
4 months ago
Wait, are we sure about that? Sounds a bit off.
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Eulah
4 months ago
That's true, it uses both claim counts and costs.
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Bettina
4 months ago
Totally agree, it's a solid method for projections.
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Nakita
5 months ago
From what I recall, the average severities projection method definitely relates to claim counts, but I can't remember if it explicitly mentions the basis being paid or insured.
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Sylvia
5 months ago
I'm a bit confused about the specifics of the method. I thought it only focused on one basis, but now I'm questioning that.
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Huey
5 months ago
I remember practicing a question similar to this, and I believe it was true that the method uses both claim count and average cost.
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Latosha
5 months ago
I think the average severities projection method does involve both claim counts and average costs, but I'm not entirely sure if it applies to both paid and insured bases.
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Sunshine
5 months ago
This seems like a pretty standard actuarial exam question. I've covered this topic in my studies, so I'm feeling pretty good about being able to tackle this one.
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Lucina
6 months ago
I'm a bit confused by the wording of this question. I'll need to re-read it a few times and make sure I understand the key concepts before attempting to answer.
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Micheal
6 months ago
Okay, let me break this down. The question is asking whether the average severities projection method uses claim count and average cost per claim data on a paid or insured basis. I think I can work through this step-by-step and arrive at the right answer.
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Phil
6 months ago
Hmm, I'm not entirely sure about this one. The question is asking about the definition of the average severities projection method, and I'll need to think carefully about the key details involved.
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Reid
6 months ago
This looks like a straightforward true/false question about the average severities projection method. I'm pretty confident I can handle this one.
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Dick
11 months ago
If I had a dollar for every time I've seen this type of question, I'd be sipping mojitos on a beach right now. Definitely B.
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Elmira
11 months ago
Actuarial exams, where the right answer is always the one you least expect. I'm going to go with my gut and say B.
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Antonette
10 months ago
I agree, I'll go with B as well.
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Fatima
10 months ago
I'm not sure, but I'll go with B.
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Amie
11 months ago
I think it's A.
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Arlean
12 months ago
But the method does involve using claim count and average cost per claim, so I think it's true.
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Lezlie
12 months ago
Whoa, this question is straight out of the textbook. A all the way, baby!
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Janine
10 months ago
Yep, that's the correct answer.
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Odelia
10 months ago
I agree, it's definitely true.
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Rene
10 months ago
True
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Lina
10 months ago
A
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Virgina
10 months ago
Nope, it's true!
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Stephania
10 months ago
B) False
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Bobbye
10 months ago
Definitely true!
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Otis
11 months ago
A) True
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Antonio
12 months ago
Ah, the age-old debate of paid vs. insured basis. This is a tricky one. I'll have to think it through carefully.
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Karrie
11 months ago
B) False
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Rosendo
11 months ago
A) True
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Farrah
1 year ago
I'm pretty sure I learned this in my actuarial classes. Better double-check, but I'm feeling confident about B.
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Joni
10 months ago
I agree with you, I also think it's A.
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Aleshia
10 months ago
I'm going with A on this one.
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Abraham
10 months ago
I remember learning about this too, and I'm pretty sure it's B.
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Lamar
11 months ago
I think it's A, actually.
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Casie
11 months ago
I agree with you, I also think it's A.
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Essie
11 months ago
I'm going with A on this one.
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Vivienne
11 months ago
I remember learning about this too, and I'm pretty sure it's B.
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Adell
11 months ago
I think it's A, actually.
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Maurine
1 year ago
This sounds like something I should definitely know for the exam. Let's see... Paid or insured basis? Hmm, I'll go with A.
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Blair
1 year ago
I disagree, I believe it's B) False.
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Arlean
1 year ago
I think the answer is A) True.
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