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SOFE SOFA-CFE Exam - Topic 9 Question 95 Discussion

___________________are often organized with the origin period set to the period in which the contract incepted.
C) Non-admitted triangles
A) Loss liability triangles
B) Loss development triangles
D) Accident period triangles

SOFE SOFA-CFE Exam - Topic 9 Question 95 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 95
Topic #: 9
[All SOFA-CFE Questions]

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

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Suggested Answer: C

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

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Elizabeth
7 months ago
Non-admitted triangles don't fit this description at all.
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Freida
8 months ago
I thought it was accident period triangles at first!
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Aleisha
8 months ago
Wait, are we sure it's not A?
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King
8 months ago
Totally agree, it's definitely B!
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Annalee
8 months ago
Loss development triangles are the correct answer.
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Jennie
9 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.
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Fabiola
9 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.
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Kimi
9 months ago
I'm not entirely sure, but I remember something about loss liability triangles being related to this topic too.
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Roselle
9 months 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.
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Gwen
9 months 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.
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Torie
9 months 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.
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Raymon
9 months 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.
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Kindra
9 months 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.
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Ozell
9 months 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.
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Alida
1 year ago
Hmm, I think the answer is B. Loss development triangles. Sounds about right to me.
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Werner
1 year ago
I'm not sure, but I think Loss development triangles are the correct answer.
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Mee
1 year ago
Yes, Loss development triangles make sense in this context.
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Hyun
1 year ago
I agree, Loss development triangles are usually organized with the origin period set to the period in which the contract incepted.
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Jeanice
1 year ago
Definitely going with option B. Loss development triangles is the way to go, no doubt about it.
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Lashawnda
1 year ago
I see your point, but I still think loss development triangles provide the most comprehensive view of our data.
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Evangelina
1 year ago
I think accident period triangles could also be useful for understanding the timing of losses.
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Alise
1 year ago
I agree, loss development triangles are crucial for analyzing trends over time.
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Mitsue
1 year ago
Ah, the classic loss development triangles. I remember those from my actuarial exams. Gotta love those pesky insurance terms!
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Barb
1 year 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.
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Hildegarde
1 year 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.
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Twila
1 year ago
Non-admitted triangles are more about tracking losses that are not covered by the insurer, right?
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Estrella
1 year ago
I think accident period triangles are different, they focus on losses based on when the accident occurred.
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Bok
1 year ago
That makes sense, it helps track how losses develop over time since the contract started.
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Hollis
1 year ago
I agree, loss development triangles are typically organized with the origin period set to the contract inception date.
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Deeann
1 year ago
I agree with Georgene, because loss development triangles track the development of losses over time.
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Georgene
1 year ago
I think the answer is B) Loss development triangles.
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