A why are property and casualty insurance companies, Ask an Expert

Finance

a. Why are property and casualty insurance companies required to maintain loss reserves?

b. Briefly explain the following methods for determining loss reserves:

1. judgment method

2. average value method

3. tabular method

c. What is the incurred-but-not-reported (IBNR) loss reserve?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91772374

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