SOFE Exam SOFA-CFE Topic 1 Question 96 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 96
Topic #: 1

[All SOFA-CFE Questions]

The greater the size of the Incurred but not reported (IBNR) liabilities, the longer the:

Acatastrophe procedure

Btrack claims

Cemergence pattern

Dsettlement pattern

Show Suggested Answer

Suggested Answer: A

by Ezekiel at Sep 10, 2024, 01:42 PM

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Arlette

2 months ago

Wait, is this a trick question? What if the answer is 'All of the above'? The IBNR can affect everything!

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Trinidad

2 months ago

Hmm, I'm stumped. Maybe A) catastrophe procedure? The IBNR could be related to some catastrophic event, right?

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Maryann

9 days ago

I think B) track claims could also be a factor. The size of IBNR could impact how claims are monitored and tracked.

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Nan

16 days ago

I'm not sure, but C) emergence pattern could also be a possibility. The IBNR liabilities may affect how claims emerge over time.

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Ryan

26 days ago

I agree, D) settlement pattern makes sense. The size of IBNR could impact how long it takes to finalize settlements.

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Becky

1 months ago

I think it might be D) settlement pattern. The larger the IBNR liabilities, the longer it may take to settle claims.

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Josue

2 months ago

I'm going with B) track claims. The IBNR makes it harder to track and monitor the claims as they come in.

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Tina

2 months ago

D) settlement pattern makes the most sense to me. The bigger the IBNR, the longer it takes to settle those claims.

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Cecilia

22 days ago

D) settlement pattern

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Nobuko

25 days ago

B) track claims

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Colby

27 days ago

A) catastrophe procedure

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Caren

2 months 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.

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Martha

1 months ago

That makes sense. It affects the settlement pattern as well.

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Tony

1 months ago

Yes, you're right. The larger the IBNR liabilities, the longer it takes for claims to emerge.

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Malcom

2 months ago

I think the answer is C) emergence pattern.

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Nicholle

3 months ago

I'm not sure, but I think it could also be C) emergence pattern because it takes longer for the claims to emerge.

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Cherry

3 months ago

I agree with Jess, a larger IBNR liability would indicate a longer settlement pattern.

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Jess

4 months ago

I think the answer is D) settlement pattern.

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