The Amber Insurance Company has had a successful business operation for many years and has done little to monitor the results of its book of business. However, loss ratios have deteriorated recently, and Amber's management has decided it needs to monitor results on a more consistent basis as its competitors do. Which one of the following actions is appropriate for Amber to follow in this process? Available answer options Select only one option A Amber should focus solely on variances in written premiums. B Amber must prepare reports that assume that business activities occur evenly throughout the reporting period even if this is not the case. C Amber will have a better chance of correcting problems the faster it implements steps to correct the problems. D Amber should only prepare reports to monitor results in six-month intervals.

Answer rating: 100% (QA)

C Amber will have a better chance of correcting problems the faster it implements s... View the full answer