CIP C70 Exam Questions & Answers – 2026 Update | 100% Correct

CIP C70 Exam Questions & Answers – 2026 Update | 100% Correct Loss ratio -The ratio of total losses paid out in claims plus adjustment expenses divided by the total earned premiums. Usually expressed as a percentage Cede -An insurer's transferral or signing over part of an insurance risk to a reinsurer Soft market -A phase of the insurance market cycle in which insurers increase the amount of coverage they are willing to write, causing supply to increase and premiums to fall Hard market -A phase of the insurance market cycle in which insurers reduce the amount of coverage they are willing to write, causing supply to shrink and premiums to rise. A hard market can occur as a result of very large unexpected losses that cause a depletion of capital within the insurance and reinsurance sectors. A hard market may also arise from a gradual lowering of