Question

if ans of claims paid 400000 outstanding claims of c.y. 40000 outstanding claims of l,y, 10000 and reinsurance recovery rs 30000 . find out amount of claims

Answer 1

Answer:

The term reinsurance recoverables refers to the portion of an insurance company’s losses from claims that can be recovered from reinsurance companies. They include the amount owed to the insurer by the reinsurer for claims and claims-related expenses, the amount owed for estimated losses that have occurred and been reported, the amount of incurred but not reported (IBNR) losses, and the number of unearned premiums paid to the reinsurer.