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SOFE SOFA-CFE Exam - Topic 9 Question 95 Discussion

Posted by Jame on Aug 23, 2024 at 01:32 AM

___________________are often organized with the origin period set to the period in which the contract incepted.

Suggested Answer: C

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31 comments · newest first
EL
Elizabeth 10 months ago
Non-admitted triangles don't fit this description at all.
FR
Freida 11 months ago
I thought it was accident period triangles at first!
AL
Aleisha 11 months ago
Wait, are we sure it's not A?
KI
King 11 months ago
Totally agree, it's definitely B!
AN
Annalee 11 months ago
Loss development triangles are the correct answer.
JE
Jennie 12 months ago
Accident period triangles sound familiar, but I can't recall how they relate to the contract inception. I might be overthinking this one.
FA
Fabiola 12 months ago
I feel like I've seen a similar question before, and it was definitely about loss development triangles. That seems to fit best here.
KI
Kimi 12 months ago
I'm not entirely sure, but I remember something about loss liability triangles being related to this topic too.
RO
Roselle 1 year ago
I think the answer might be B, loss development triangles, since they track how losses develop over time from the inception of the contract.
GW
Gwen 1 year ago
Wait, I'm confused. Are we talking about loss liability, non-admitted, or accident period triangles? I need to review my notes on the different types before answering this.
TO
Torie 1 year ago
Okay, I've got this. Loss development triangles are organized with the origin period set to the period the contract began. That's the answer I'm going with.
RA
Raymon 1 year ago
Hmm, I'm a bit unsure about this one. Insurance triangles can be tricky, and I don't want to overthink it. I'll just try to recall the main types of triangles and see which one fits best.
KI
Kindra 1 year ago
This looks like a question about insurance triangles. I think the key is to remember that the origin period is the period when the contract started, so I'll need to focus on that in my answer.
OZ
Ozell 1 year ago
Hmm, I'm a bit unsure about this one. The options seem similar, and I'll need to carefully read through each one to understand the differences and determine which view would be most helpful.
AL
Alida 1 year ago
Hmm, I think the answer is B. Loss development triangles. Sounds about right to me.
WE
Werner 1 year ago
↳ replying to Alida
I'm not sure, but I think Loss development triangles are the correct answer.
ME
Mee 1 year ago
↳ replying to Alida
Yes, Loss development triangles make sense in this context.
HY
Hyun 1 year ago
↳ replying to Alida
I agree, Loss development triangles are usually organized with the origin period set to the period in which the contract incepted.
JE
Jeanice 1 year ago
Definitely going with option B. Loss development triangles is the way to go, no doubt about it.
LA
Lashawnda 1 year ago
↳ replying to Jeanice
I see your point, but I still think loss development triangles provide the most comprehensive view of our data.
EV
Evangelina 1 year ago
↳ replying to Jeanice
I think accident period triangles could also be useful for understanding the timing of losses.
AL
Alise 1 year ago
↳ replying to Jeanice
I agree, loss development triangles are crucial for analyzing trends over time.
MI
Mitsue 1 year ago
Ah, the classic loss development triangles. I remember those from my actuarial exams. Gotta love those pesky insurance terms!
BA
Barb 2 years ago
I'm not sure, but I think it could also be D) Accident period triangles since they are organized based on the accident period.
HI
Hildegarde 2 years ago
Loss development triangles seems like the correct answer here. The origin period for these is usually set to the inception date of the contract.
TW
Twila 1 year ago
↳ replying to Hildegarde
Non-admitted triangles are more about tracking losses that are not covered by the insurer, right?
ES
Estrella 1 year ago
↳ replying to Hildegarde
I think accident period triangles are different, they focus on losses based on when the accident occurred.
BO
Bok 1 year ago
↳ replying to Hildegarde
That makes sense, it helps track how losses develop over time since the contract started.
HO
Hollis 1 year ago
↳ replying to Hildegarde
I agree, loss development triangles are typically organized with the origin period set to the contract inception date.
DE
Deeann 2 years ago
I agree with Georgene, because loss development triangles track the development of losses over time.
GE
Georgene 2 years ago
I think the answer is B) Loss development triangles.
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