MENU
The greater the size of the Incurred but not reported (IBNR) liabilities, the longer the:
Suggested Answer: A
Get Premium SOFA-CFE Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
32 comments · newest first
JO
Johnna
10 months ago
I thought it was more about catastrophe procedures, interesting!
BI
Billye
11 months ago
Totally agree, it’s all about the emergence pattern!
MA
Marica
11 months ago
Wait, how does IBNR even affect settlement patterns?
CA
Candida
11 months ago
Definitely B, longer track claims with higher IBNR.
PA
Pa
11 months ago
IBNR liabilities relate to claims that haven't been reported yet.
ME
Merilyn
12 months ago
I recall that IBNR impacts how we estimate future liabilities, but I can't quite remember if it specifically affects the catastrophe procedure or the emergence pattern.
JI
Jimmie
12 months ago
I’m a bit confused here. I thought IBNR was more about the time it takes to settle claims rather than track them. Could it be the settlement pattern?
VI
Vilma
12 months ago
This question seems similar to one we practiced on claims development. I feel like the emergence pattern is the right answer since it deals with how claims develop over time.
RI
Richelle
1 year ago
I think I remember something about IBNR relating to how long it takes for claims to be reported, but I'm not sure if that means it's the settlement pattern or something else.
PA
Pamella
1 year ago
Okay, let me see here. The question is asking about the relationship between IBNR liabilities and something related to claims. I'm leaning towards C or D, but I'll have to double-check my understanding.
ME
Mertie
1 year ago
Hmm, I'm a bit unsure about this one. I'll have to think it through carefully. Maybe I should review my notes on IBNR liabilities again.
ON
Oneida
1 year ago
This one seems pretty straightforward. I think the answer is C - the larger the IBNR liabilities, the longer the emergence pattern.
ER
Erinn
1 year ago
I've got this! The larger the IBNR, the longer the emergence pattern of the claims. That's the key relationship they're asking about. Confident I can get this one right.
MA
Marleen
1 year ago
The key here is understanding the different catalog modes in a CASO environment. I'll make sure I have that down before selecting my answer.
AR
Arlette
1 year ago
Wait, is this a trick question? What if the answer is 'All of the above'? The IBNR can affect everything!
TR
Trinidad
1 year ago
Hmm, I'm stumped. Maybe A) catastrophe procedure? The IBNR could be related to some catastrophic event, right?
MA
Maryann
1 year ago
I think B) track claims could also be a factor. The size of IBNR could impact how claims are monitored and tracked.
NA
Nan
1 year ago
I'm not sure, but C) emergence pattern could also be a possibility. The IBNR liabilities may affect how claims emerge over time.
RY
Ryan
1 year ago
I agree, D) settlement pattern makes sense. The size of IBNR could impact how long it takes to finalize settlements.
BE
Becky
1 year ago
I think it might be D) settlement pattern. The larger the IBNR liabilities, the longer it may take to settle claims.
JO
Josue
1 year ago
I'm going with B) track claims. The IBNR makes it harder to track and monitor the claims as they come in.
TI
Tina
1 year ago
D) settlement pattern makes the most sense to me. The bigger the IBNR, the longer it takes to settle those claims.
CE
Cecilia
1 year ago
D) settlement pattern
NO
Nobuko
1 year ago
B) track claims
CO
Colby
1 year ago
A) catastrophe procedure
CA
Caren
1 year ago
I think the answer is C) emergence pattern. The larger the IBNR liabilities, the longer it takes for the claims to emerge and be reported.
MA
Martha
1 year ago
That makes sense. It affects the settlement pattern as well.
TO
Tony
1 year ago
Yes, you're right. The larger the IBNR liabilities, the longer it takes for claims to emerge.
MA
Malcom
1 year ago
I think the answer is C) emergence pattern.
NI
Nicholle
1 year ago
I'm not sure, but I think it could also be C) emergence pattern because it takes longer for the claims to emerge.
CH
Cherry
2 years ago
I agree with Jess, a larger IBNR liability would indicate a longer settlement pattern.
JE
Jess
2 years ago
I think the answer is D) settlement pattern.