Category: Blog

  • IBNR

    IBNR

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    by

    pmo
    in

    Incurred But Not Reported(IBNR) –Assumed: An estimate of the amount of an insurer’s (or self-insurer’s) liability for claim-generating events that have taken place but have not yet been reported to the insurer or self – insurer. The sum of IBNR losses plus incurred losses provides an estimate of the insurer’s eventual liabilities for losses during…