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Home Q & A Board Other Fields Homework Help Business Insurance
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JamesLu JamesLu
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6 years ago
The property and liability insurance industry fluctuates between periods of increasing insurance rates and tight underwriting standards, and decreasing insurance rates and loosening underwriting standards. Profitability in the industry follows these cyclical movements. What is this pattern of fluctuations called?
A) the claims cycle
B) the underwriting cycle
C) the business cycle
D) the accounting cycle
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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6 years ago
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JamesLu Author
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6 years ago
Helped a lot
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You make an excellent tutor!
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Correct Slight Smile TY
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