Soft market conditions occur when:
A) insurance losses and insurance prices are high.
B) insurance losses are high and prices are very competitive.
C) insurance losses are low and prices are very competitive.
D) insurance gains are low and prices are very competitive.
E) insurance gains and insurance prices are very low.
Correct Answer:
Verified
Q22: Combined ratio is:
A)loss ratio plus expense ratio.
B)premium
Q23: Fire and allied lines as well as
Q24: Identify the characteristics of a market.
A)Insurance rates
Q25: Which of the following explains the movement
Q26: Identify the line of insurance that has
Q28: An insurer may be profitable even if
Q29: Churning is inducing a policyholder to cancel
Q30: The industry uses cash flow underwriting when
Q31: The level of combined ratio that is
Q32: Each line of business has its own
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