IIA Exam IIA-CFSA Topic 7 Question 35 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 35
Topic #: 7

[All IIA-CFSA Questions]

The ''combined ratio'' of an insurance company is the ratio from combining which of the following?

1. The ''loss ratio.''

2. The ''other underwriting expense ratio.''

3. The ''expense ratio.''

4. The ''IBNR.''

AI and II only.

BI and II only.

CIII and IV only.

DI, II, III and IV.

Show Suggested Answer

Suggested Answer: C

by Brett at Jul 03, 2023, 05:04 PM

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5 hours ago

The 'combined ratio' is the sum of the loss ratio and the expense ratio, so I'd go with B. I and II only.

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1 days ago

I'm not sure, but I think the combined ratio also includes the expense ratio and IBNR.

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3 days ago

I agree with Carlene, the combined ratio is calculated by combining the loss ratio and other underwriting expense ratio.

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6 days ago

I think the combined ratio includes the loss ratio and other underwriting expense ratio.

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