Username: LuckyMan Rating: Asked to: Jacob Rogers Date Created: 31 May 2019 |
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Category | 28 |
Tag | Financial |
Question | What is Losses Incurred? |
Hello LuckyMan, Losses incurred refers to benefits paid to policyholders during the current year, plus changes to loss reserves from the previous year. Losses incurred represents profit that an insurance company will not make from its underwriting activities, since funds are being paid to policyholders based on the coverage outlined in their insurance contracts. This statistic is typically viewed by calendar year. |
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