Definition
Loss reserve refers to the money that insurance companies allocate to pay claims that are already incurred but not ye…_BLE(article on how to calculate loss reserves, focusing on methods like Incurred but Not Reported", ‘’)
Further reading
- Insuraudit’s Claims Handl���withLoss Reserves
- Regulation by National Association of Insurance Commissioners (NAIC)(Reports & Liability Assessment Rules)
Fully understanding the complexity of Loss Reserves is crucial for actuaries, account managers, and claims officers who operate within the insurance sector.
