Loss reserving is the calculation of the required reserves for a tranche of insurance business, including outstanding claims reserves. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims arising from policies currently in force and policies written in the past.
Loss reserving is the calculation of the required reserves for a tranche of insurance business, including outstanding claims reserves. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims arising from policies currently in force and policies written in the past.
Source: Wikipedia "Loss reserving" · CC BY-SA 4.0
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