SOFE Exam AFE Topic 3 Question 97 Discussion

Actual exam question for SOFE's AFE exam

Question #: 97
Topic #: 3

[All AFE Questions]

In which of the following, Internal entity experience or information from published sources concerning recent trends in socioeconomic factors affecting claim payments:

Ageneral inflation rates

Bjudicial decisions assessing liability

Cjudicial decisions regarding noneconomic damages

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Royal at Mar 24, 2025, 04:37 AM

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Ashley

11 hours ago

It's gotta be D. All of the above. The insurance company needs to stay on top of all these socioeconomic trends to properly price their policies. *chuckles* Guess they're not just sitting around counting their money, huh?

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Dalene

1 days ago

I'm not sure about judicial decisions regarding noneconomic damages, but I think general inflation rates definitely play a role.

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Shawna

1 days ago

Hmm, I'm going to go with C. Judicial decisions regarding noneconomic damages. That seems like the most relevant factor to me.

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Elena

3 days ago

I agree with Haydee, because all those factors can impact claim payments.

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Haydee

16 days ago

I think the answer is D) All of the above.

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Carmen

19 days ago

I think the answer is D. All of the above. These factors can all affect claim payments, from general inflation to court decisions on liability and damages.

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Alyce

5 days ago

User 2: Yeah, those factors can definitely impact claim payments.

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Shawna

8 days ago

User 1: I think the answer is D. All of the above.

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