Losses And Loss-Adjustment Expenses

Losses And Loss-Adjustment Expenses,

How To Define Losses And Loss-Adjustment Expenses?

  1. Claims and settlement costs refer to the portion of insurance funds that insurance companies have set aside from insurance funds to cover unpaid claims and costs related to the investigation and settlement of these claims. It is carried out as a liability, including an estimate of the policy loss provided to the insurer.

  2. Losses And Loss-Adjustment Expenses definition is: It represents the total reserves of unpaid damages and claims settlement costs, including reserves incurred by the company but not generated losses and additional reserves. It is for all industries overall and all year performance.

Literal Meanings of Losses And Loss-Adjustment Expenses

Losses:

Sentences of Losses
  1. Avoid wasting time

Synonyms of Losses

overlooking, misplacement, dropping, forgetting, mislaying

And:

Meanings of And:
  1. A boolean operator that returns one if and only if all operations are one, otherwise zero.

  2. It is used to include words in the same part of a speech, clause or sentence that needs to be put together.

  3. It is used to introduce additional comments or interactions.

  4. It is used to indicate the intention after some verbs and before other verbs, "no"

Sentences of And
  1. If he had to make a decision, and it was the worst, he would turn his back on his parents.

Synonyms of And

together with, and, added to, along with, too, with, not to mention, including, in addition to, coupled with, besides, also, as well as

Loss:

Sentences of Loss
  1. Avoid wasting time

Synonyms of Loss

overlooking, misplacement, dropping, mislaying, forgetting

Adjustment:

Meanings of Adjustment:
  1. With small changes or gestures you can get the desired fit, look, or result.

Sentences of Adjustment
  1. I have made some adjustments in my diet.

Synonyms of Adjustment

habituating, reconciliation, accommodation, habituation, adaptation, acculturation, assimilation, acclimatization, familiarization, naturalization, inurement, accustoming, adapting, accommodating, harmonization, assimilating

Expenses:

Meanings of Expenses:
  1. Compensation for tax base (item of expenses).

  2. The price or need for something.

Sentences of Expenses
  1. Up to Rs 17,500 can be collected in capital expenditure this year

  2. Conference rooms are expensive

Synonyms of Expenses

price, cost