Question

What is estimated loss value of each individual claim, which is a component of an insurer's loss reserves called?

Answer 1

The cases hold reserves are put aside for the future installment of brought about cases that have not been settled and, along these lines, speak to a monetary record obligation.

In the protection setting an actuarial save is the present estimation without bounds money streams of a protection arrangement and the aggregate obligation of the back up plan is the whole of the actuarial stores for each individual strategy.