Claims Reserving
/ˈkleɪmz rɪˌzɜːrvɪŋ/
Definitions
- (n.) The actuarial process of estimating the amount of money an insurer must set aside to pay future claim liabilities.
The company’s claims reserving ensures sufficient funds to cover all outstanding claims.
Forms
- claims reserving
Related terms
See also
Commentary
Claims reserving involves judgment and actuarial methods; precise estimation is crucial for insurer solvency and regulatory compliance.
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