Insurers use financial measures to evaluate underwriting results. Which one of the following statements is correct with regard to evaluating the financial results of underwriting? Available answer options Select only one option A The combined ratio is particularly valuable because it corrects for distortions created by delays in loss reporting. B A combined ratio of more than 100 indicates that an insurer has profitable underwriting results. C Major catastrophes distort the combined ratio making it difficult to evaluate the effectiveness of underwriting. D Changes in underwriting policy should be disregarded when evaluating underwriting results