Loss Reserve
/ˈlɒs rɪˌzɜːrv/
Definitions
- (n.) An amount set aside by an insurer to cover estimated liabilities for claims that have occurred but are not yet settled.
The insurer increased its loss reserve to ensure sufficient funds for pending claims.
Forms
- loss reserve
- loss reserves
Related terms
See also
Commentary
Loss reserves reflect actuarial estimates and are critical for accurate financial reporting and solvency assessments in insurance law.
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.