An estimate of the amount of outstanding liabilities for a policy over a given valuation period. It includes all paid claims during the period plus a reasonable estimate of unpaid liabilities. It is calculated by adding paid claims and unpaid claims minus the estimate of unpaid claims at the end of the prior valuation period.
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- What is incurred claims? definition and meaning
Definition of incurred claims: An estimate of the amount of outstanding liabilities for a policy over a given valuation period. It includes all paid claims during the ...
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There might be some information available on incurred claims amounts but this can ... This balancing item between the incurred claims and the ultimate claims is ...
- incurred claims - Medical Dictionary - The Free Dictionary
n.pl the outstanding obligations of the insurer for dental services rendered to the insured. Want to thank TFD for its existence? Tell a friend about us, add a link to ...
- Incurred Health and Disability Claims - Actuarial Standards Board
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ESTIMATING INCURRED CLAIMS. V. BENEDIKT. Gothenburg. The problem of estimating the final amount after settlement of. Motor and General Third Party ...
- incurred claims: Definition from Answers.com
incurred claims n.pl Outstanding obligations of the insurer for dental services rendered to the insured.