Losses And Loss-Adjustment Expenses,
How To Define Losses And Loss-Adjustment Expenses?
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.
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
Sentences of Losses
Avoid wasting time
Synonyms of Losses
overlooking, misplacement, dropping, forgetting, mislaying
Meanings of And:
A boolean operator that returns one if and only if all operations are one, otherwise zero.
It is used to include words in the same part of a speech, clause or sentence that needs to be put together.
It is used to introduce additional comments or interactions.
It is used to indicate the intention after some verbs and before other verbs, "no"
Sentences of And
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
Sentences of Loss
Avoid wasting time
Synonyms of Loss
overlooking, misplacement, dropping, mislaying, forgetting
Meanings of Adjustment:
With small changes or gestures you can get the desired fit, look, or result.
Sentences of Adjustment
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
Meanings of Expenses:
Compensation for tax base (item of expenses).
The price or need for something.
Sentences of Expenses
Up to Rs 17,500 can be collected in capital expenditure this year
Conference rooms are expensive
Synonyms of Expenses