Question

Question No. 31
if ans. of claims paid 4,00,000
outstanding claims of C.Y. 40,000 out
standing claims of L.Y. 10,000 & 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.