OC1 - Module 15 - The Underwriting Cycle

oc1-module-15-the-underwriting-cycle

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Question 1 of 1

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132022

685

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15-Models that attempt to describe the current property casualty insurance market based on past cycles rely on

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132023

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15-Insurer staff in a hard market

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132024

687

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15-The insurance industry has been experiencing increased competition, widely available coverage, low premiums and decreased profitability. One strategy for an insurance company to maintain market share regardless of the effect on underwriting profitability is to

Select the correct answer(s).

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132025

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15-In a hard insurance market

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132026

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15-Within the underwriting cycle, which one of the following occurs in a hard market?

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132027

690

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15-Which one of the following is a sign that the insurance market is beginning to harden?

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132028

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15-Which one of the following statements about the underwriting cycle is true?

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132029

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15-Predicting insurance underwriting cycles based on past periods is difficult because

Select the correct answer(s).

(0/0)

132030

693

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15-Sugartown Insurance has had several highly profitable years recently and accumulated a sizable surplus. Sugartown is now initiating a market plan to increase market share by competing on price. If enough of Sugartown's competition follows this strategy, what will be the likely immediate effect?

Select the correct answer(s).

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132031

694

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15-Which one of the following statements about a hard market is true?

Select the correct answer(s).

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132032

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15-If a company purchases higher limits on a liability policy because of growth in litigation, it is likely a response to

Select the correct answer(s).

(0/0)

132033

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15-Which one of the following is an insurer response to a soft market?

Select the correct answer(s).

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132034

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15-An insurance company has a track record of strong investment returns, has a ratio of premiums written to policyholders' surplus of one-to-one, and return on equity greater than its return-on-equity threshold. In a soft market, the insurance company most likely would

Select the correct answer(s).

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132035

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15-Which one of the following conditions is characteristic of a hard market?

Select the correct answer(s).

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132036

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OC1 - Module 15 - The Underwriting Cycle

Question 1 of 1

Time Left

15-Models that attempt to describe the current property casualty insurance market based on past cycles rely on

Select the correct answer(s).

(0/0)

15-Insurer staff in a hard market

Select the correct answer(s).

(0/0)

15-The insurance industry has been experiencing increased competition, widely available coverage, low premiums and decreased profitability. One strategy for an insurance company to maintain market share regardless of the effect on underwriting profitability is to

Select the correct answer(s).

(0/0)

15-In a hard insurance market

Select the correct answer(s).

(0/0)

15-Within the underwriting cycle, which one of the following occurs in a hard market?

Select the correct answer(s).

(0/0)

15-Which one of the following is a sign that the insurance market is beginning to harden?

Select the correct answer(s).

(0/0)

15-Which one of the following statements about the underwriting cycle is true?

Select the correct answer(s).

(0/0)

15-Predicting insurance underwriting cycles based on past periods is difficult because

Select the correct answer(s).

(0/0)

15-Sugartown Insurance has had several highly profitable years recently and accumulated a sizable surplus. Sugartown is now initiating a market plan to increase market share by competing on price. If enough of Sugartown's competition follows this strategy, what will be the likely immediate effect?

Select the correct answer(s).

(0/0)

15-Which one of the following statements about a hard market is true?

Select the correct answer(s).

(0/0)

15-If a company purchases higher limits on a liability policy because of growth in litigation, it is likely a response to

Select the correct answer(s).

(0/0)

15-Which one of the following is an insurer response to a soft market?

Select the correct answer(s).

(0/0)

15-An insurance company has a track record of strong investment returns, has a ratio of premiums written to policyholders' surplus of one-to-one, and return on equity greater than its return-on-equity threshold. In a soft market, the insurance company most likely would

Select the correct answer(s).

(0/0)

15-Which one of the following conditions is characteristic of a hard market?

Select the correct answer(s).

(0/0)

15-The underwriting cycle is made up of two phases. Which one of the following best describes the soft market phase?

Select the correct answer(s).

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