1|Page
AIC 300 ALL CLAIMS LATEST 2025 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Which one of the following is a data mining technique an insurer
applies when it knows what information it wants to predict?
Select one:
A. Machine learning
B. Association rule learning
C. Cluster analysis
D. Classification - ANSWER-D. Classification
Classification is a data mining technique an insurer applies
when it knows what information it wants to predict.
The first step in the data mining process is to
Select one:
A. Collect the data that will be used.
B. Select a data mining technique.
C. Understand what a business wants to achieve.
,2|Page
D. Prepare the data that will be used. - ANSWER-C. Understand
what a business wants to achieve.
Generally speaking, the most common application of predictive
modeling in insurance occurs in
Select one:
A. Risk selection.
B. Marketing.
C. Reinsurance.
D. Claims handling. - ANSWER-A. Risk selection.
Hanna is in IT and works on data analytics projects for an insurer.
These projects involve analyzing large amounts of data to help
underwriting to select risks and price policies. Hanna knows that
collaboration between data science, IT, underwriting, and actuary
is critical to the success of these projects. In Hanna's experience,
as soon as the need for a data project arises, the key to
collaborating effectively is to engage which one of the following
teams as soon as possible?
Select one:
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A. Actuary
B. IT
C. Underwriting
D. Data science - ANSWER-D. Data science
Data science team needs to be engaged as soon as the need
for a project arises.
Part of the continuous cycle of data mining is preparing the data
to eliminate missing or inaccurate information. This process is
called
Select one:
A. Machine learning.
B. Parsing.
C. Predictive modeling.
D. Cleaning. - ANSWER-D. Cleaning.
Data should be cleaned as much as possible to eliminate
missing or inaccurate information.
, 4|Page
Which one of the following types of workers compensation claims
are the most difficult for insurers to identify at the time of first
report?
Select one:
A. Catastrophic claims
B. Medical-only claims
C. Potentially minor claims
D. Potentially complex claims - ANSWER-D. Potentially complex
claims
Potentially complex claims are the most difficult for insurers
to identify at the time of first report.
Soft fraud, also called opportunity fraud, occurs when
Select one:
A. An application for insurance contains untrue information.
B. A legitimate claim is exaggerated.
C. A loss is triggered intentionally.
AIC 300 ALL CLAIMS LATEST 2025 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Which one of the following is a data mining technique an insurer
applies when it knows what information it wants to predict?
Select one:
A. Machine learning
B. Association rule learning
C. Cluster analysis
D. Classification - ANSWER-D. Classification
Classification is a data mining technique an insurer applies
when it knows what information it wants to predict.
The first step in the data mining process is to
Select one:
A. Collect the data that will be used.
B. Select a data mining technique.
C. Understand what a business wants to achieve.
,2|Page
D. Prepare the data that will be used. - ANSWER-C. Understand
what a business wants to achieve.
Generally speaking, the most common application of predictive
modeling in insurance occurs in
Select one:
A. Risk selection.
B. Marketing.
C. Reinsurance.
D. Claims handling. - ANSWER-A. Risk selection.
Hanna is in IT and works on data analytics projects for an insurer.
These projects involve analyzing large amounts of data to help
underwriting to select risks and price policies. Hanna knows that
collaboration between data science, IT, underwriting, and actuary
is critical to the success of these projects. In Hanna's experience,
as soon as the need for a data project arises, the key to
collaborating effectively is to engage which one of the following
teams as soon as possible?
Select one:
,3|Page
A. Actuary
B. IT
C. Underwriting
D. Data science - ANSWER-D. Data science
Data science team needs to be engaged as soon as the need
for a project arises.
Part of the continuous cycle of data mining is preparing the data
to eliminate missing or inaccurate information. This process is
called
Select one:
A. Machine learning.
B. Parsing.
C. Predictive modeling.
D. Cleaning. - ANSWER-D. Cleaning.
Data should be cleaned as much as possible to eliminate
missing or inaccurate information.
, 4|Page
Which one of the following types of workers compensation claims
are the most difficult for insurers to identify at the time of first
report?
Select one:
A. Catastrophic claims
B. Medical-only claims
C. Potentially minor claims
D. Potentially complex claims - ANSWER-D. Potentially complex
claims
Potentially complex claims are the most difficult for insurers
to identify at the time of first report.
Soft fraud, also called opportunity fraud, occurs when
Select one:
A. An application for insurance contains untrue information.
B. A legitimate claim is exaggerated.
C. A loss is triggered intentionally.
