SOFE SOFA-CFE Exam - Topic 8 Question 33 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 33
Topic #: 8

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

ATrue

BFalse

Show Suggested Answer

Suggested Answer: A

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

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Nieves

7 months ago

Under 100 means profit, got it!

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Marisha

7 months ago

Wait, are we sure about that? Sounds off.

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Krissy

7 months ago

Totally agree, it's all about that ratio!

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Mattie

7 months ago

I thought it was the other way around.

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Gladis

7 months ago

That's definitely true!

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Goldie

8 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

8 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

8 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

8 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

8 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

8 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

8 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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