Loss development factor
id:
loss-development-factor-280-10126373
title:
Loss development factor
text:
Loss development factors or LDFs are used in insurance pricing and reserving to adjust claims to their projected ultimate level. Insurance claims, especially in long-tailed lines such as liability insurance, are often not paid out immediately. Claims adjusters set initial case reserves for claims; however, it is often impossible to predict immediately what the final amount of an insurance claim will be, due to uncertainty around defense costs, settlement amounts, and trial outcomes. Loss develop
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Loss_development_factor
date created:
date modified:
2023-06-16T02:42:20Z
main entity:
{"identifier":"Q28455488","url":"https://www.wikidata.org/entity/Q28455488"}
image:
fields total:
13
integrity:
13