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SOFE SOFA-CFE Exam - Topic 8 Question 33 Discussion

A combined ratio under 100 percent reflects an underwriting profit, with a combined ratio above 100 percent reflecting an underwriting loss.
A) True
B) False

SOFE SOFA-CFE Exam - Topic 8 Question 33 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 33
Topic #: 8
[All SOFA-CFE Questions]

A combined ratio under 100 percent reflects an underwriting profit, with a combined ratio above 100 percent reflecting an underwriting loss.

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Suggested Answer: A

by Daniela at May 08, 2022, 10:46 PM

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Nieves
8 months ago
Under 100 means profit, got it!
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Marisha
8 months ago
Wait, are we sure about that? Sounds off.
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Krissy
9 months ago
Totally agree, it's all about that ratio!
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Mattie
9 months ago
I thought it was the other way around.
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Gladis
9 months ago
That's definitely true!
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Goldie
9 months ago
I definitely remember that a combined ratio under 100 is good, but I can't recall the exact implications of the other side.
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Izetta
9 months ago
I recall discussing how a combined ratio over 100 means losses, so I would lean towards true, but I could be mistaken.
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Junita
9 months ago
I'm not entirely sure, but I feel like we practiced a similar question where the combined ratio was a key indicator of performance.
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Evan
9 months ago
I think the statement is true because I remember learning that a combined ratio under 100 indicates profitability.
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Ngoc
9 months ago
I remember from my training that a SnapMirror Synchronous license is required, but I can't recall if it's needed on both the source and destination clusters. I'll select B and D to cover my bases.
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Azalee
9 months ago
I feel like the monthly or quarterly production detail might apply, but I'm not too confident on that being a characteristic.
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Luisa
10 months ago
Okay, let's see. I think the key here is to focus on the term "subzone" - that's likely the clue we need to identify the right method for controlling bandwidth in that specific context.
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