The Best Underwriting Performance Since 1936 in Terms of the Combined

question 39

Multiple Choice

The best underwriting performance since 1936 in terms of the combined ratio occurred during ________ for property and casualty insurers.

• A)1999 and 2000
• B)2001 and 2002
• C)2002 and 2003
• D)2004 and 2005
• E)2006 and 2007

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Definitions:

Synergy

The interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.

Common Goals

Objectives or aims shared by members of a group or organization which serve to guide their actions and efforts.

Management Skills

A set of abilities and competencies that a person needs in order to successfully manage an organization, team, or project.

Best Choice

The option considered superior to all others in a given set, often based on criteria such as effectiveness, efficiency, and feasibility.