Insurance Reserve
Definitions
- (n.) A fund set aside by an insurance company to cover anticipated claims and expenses.
The insurance reserve ensures the company can pay future claims.
Forms
- insurance reserve
- insurance reserves
Related terms
See also
Commentary
Insurance reserves are critical in regulatory compliance and solvency assessments; accuracy in estimation affects financial reporting and risk management.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.