Home > Terms > English, UK (UE) > Losses and loss-adjustment expenses

Losses and loss-adjustment expenses

This represents the total reserves for unpaid losses and loss-adjustment expenses, including reserves for any incurred but not reported losses, and supplemental reserves established by the company. It is the total for all lines of business and all accident years.

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  • Part of Speech: noun
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  • Blossary:
  • Industry/Domain: Insurance
  • Category: Life insurance
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  • Acronym-Abbreviation:
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