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SOFE SOFA-CFE Exam - Topic 6 Question 61 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 61
Topic #: 6
[All SOFA-CFE Questions]

What are defined as losses paid plus the change (positive or negative) in outstanding loss reserves within a given period of time?

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Suggested Answer: A

by Rosio at Nov 15, 2022, 04:33 AM

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Layla
4 months ago
Yup, incurred losses is the right term here!
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Mabel
4 months ago
Ceded losses are a different thing, not this.
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Sharita
4 months ago
Wait, are we sure about that? Sounds too simple.
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Ivory
4 months ago
Totally agree, it's all about the incurred losses.
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Helga
4 months ago
That's definitely incurred losses!
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Edelmira
5 months ago
I feel like I’ve seen this exact wording before in our study materials. I’m leaning towards A, incurred losses, but I hope I’m right!
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Afton
5 months ago
I’m a bit confused. I thought reassumed losses were related to changes in reserves too, but now I’m not so sure.
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Rebecka
5 months ago
I remember practicing a similar question where we discussed the difference between ceded and incurred losses. I think this one is definitely about incurred losses.
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Cassandra
5 months ago
I think this question is about incurred losses, but I'm not entirely sure if it includes both paid losses and reserves.
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Janine
5 months ago
This looks like a straightforward multiple-choice question. I'll start by reading through the options carefully and thinking about which ones seem like valid external metrics for Log Service ingress.
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Terrilyn
5 months ago
Okay, let me review the key elements - guiding principles, governance, and practices. I think the answer has to be one of those.
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Oretha
5 months ago
I think option B is the best choice here. Ensuring that incomplete data is not recorded and that users are provided with a clear message is crucial for maintaining data integrity and a good user experience.
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Lelia
5 months ago
Hmm, I'm a bit confused about this one. I know just-in-time has something to do with provisioning, but I'm not sure if it's about creating users or something else. I'll have to think this through carefully.
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