Incurred but not reported
id:
incurred-but-not-reported-270-18359220
title:
Incurred but not reported
text:
In insurance, incurred but not reported (IBNR) claims is the amount owed by an insurer to all valid claimants who have had a covered loss but have not yet reported it. Since the insurer knows neither how many of these losses have occurred, nor the severity of each loss, IBNR is necessarily an estimate. The sum of IBNR losses plus reported losses yields an estimate of the total eventual liabilities the insurer will cover, known as ultimate losses.
brand slug:
wiki
category slug:
encyclopedia
description:
Estimated amount owed by an insurer on claims not yet reported
original url:
https://en.wikipedia.org/wiki/Incurred_but_not_reported
date created:
date modified:
2023-11-20T11:17:24Z
main entity:
{"identifier":"Q6015550","url":"https://www.wikidata.org/entity/Q6015550"}
image:
fields total:
13
integrity:
14