Worthley Insurance Company uses claim audits to ensure compliance with best practices. These audits evaluate both quantitative and qualitative factors. Which one of the following factors that Worthley evaluates is a qualitative factor?

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Worthley Insurance Company uses claim audits to ensure compliance with best practices. These audits evaluate both quantitative and qualitative factors. Which one of the following factors that Worthley evaluates is a qualitative factor?

Options

A. Timeliness of reserving

B. Accurate evaluation of insured’s liability

C. Average claim settlement value by claim type

D. Accuracy of data entry

Answer: B

The above question Worthley Insurance Company uses claim audits to ensure compliance with best practices. These audits evaluate both quantitative and qualitative factors. Which one of the following factors that Worthley evaluates is a qualitative factor?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.