incurred claims

См. также в других словарях:

• Incurred but not reported — (IBNR) is a term in common use in general insurance.When a policy of general insurance is written it will typically cover a 12 month period from inception of the policy. When the policy is sold, a premium is paid by the insured party to the… …   Wikipedia

• Claims Reserve — The claims reserve is money that is earmarked for the eventual claim payment. The claims reserve funds are set aside for the future payment of incurred claims that have not been settled and thus represent a balance sheet liability. Claims… …   Investment dictionary

• Incurred But Not Reported — A type of account frequently used in the insurance industry to refer to reserves that are established for claims and/or events that have transpired, but have not yet been reported to an insurance company. In these instances, an actuary will… …   Investment dictionary

• claims reserve — / kleɪmz rɪˌzɜ:v/ noun money set aside by an insurance company to meet costs of claims incurred but not yet settled …   Dictionary of banking and finance

• Calendar Year Accounting Incurred Losses — is a term used in the insurance industry to describe the losses incurred by an insurance company by the payment of claims, the re evaluation of claims already in the company s books and any negative or positive changes in loss reserves in a… …   Investment dictionary

• Outstanding claims reserves — in general insurance are a type of technical reserve or accounting provision in the financial statements of an insurer. They seek to quantify the outstanding loss liabilities for insurance claims which have been reported and not yet settled… …   Wikipedia

• losses and loss expenses incurred — A phrase common to insurers; representing the total claims and losses paid during the year for which the insurer is reporting, plus the outstanding reserves for unpaid losses and claims at the end of the year, less the reserves for outstanding… …   Ballentine's law dictionary

• IBNR claims reserve — A reserve held by an insurance company for claims «incurred but not yet reported» …   Big dictionary of business and management

• Ruin theory — Ruin theory, sometimes referred to as collective risk theory, is a branch of actuarial science that studies an insurer s vulnerability to insolvency based on mathematical modeling of the insurer s surplus.The theory permits the derivation and… …   Wikipedia

• insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

• Costs (English law) — Costs is a term of art in civil litigation in English law (the law of England and Wales), and in other Commonwealth jurisdictions. After judgment has been given, the judge has the power to order who will pay the lawyers fees and other… …   Wikipedia