Losses incurred

Losses incurred,

Definition of Losses incurred:

  1. General business: A loss that can occur due to overhead expenses exceeding income from sales of product.

  2. Insurance: The amount of money lost during a specified time period. A policy holder can receive payment for losses incurred through the coverage of his policy.

  3. The amount of losses incurred may vary from year to year for an insurance company. Insurance companies set aside a reserve to cover liabilities from claims made on policies that they underwrite. The reserves are based on a forecast of the losses an insurer may face over a period of time, meaning that the reserves could be adequate or may fall short of covering the company's liabilities. Estimating the amount of reserves necessary requires actuarial projections based upon the types of policies underwritten.

  4. Losses incurred refers to benefits paid to policyholders during the current year plus changes to loss reserves from the previous year. Losses incurred represents profit that an insurance company will not make from its underwriting activities since funds are to be paid to policyholders based on the coverage outlined in their insurance contracts. Losses incurred is typically viewed by the calendar year.

How to use Losses incurred in a sentence?

  1. Insurance companies must set aside a percentage of total revenue generated to cover any potential claims in the period.
  2. Losses incurred refers to benefits paid to policyholders during the current year, plus changes to loss reserves from the previous year.
  3. Losses incurred represents profit that an insurer will not earn from its underwriting activities since funds are to be paid to policyholders for claims.

Meaning of Losses incurred & Losses incurred Definition

Losses Incurred,

How Do You Define Losses Incurred?

The total amount of the deficit that occurred over a period of time, paid and unpaid, but safe

Meaning of Losses Incurred: Claims benefit the policyholder by adjustment in the provision of claims over a specified period, especially during one year, and earlier.

Receivable accounts including payments made and / or secured for future payments

Literal Meanings of Losses Incurred

Losses:

Sentences of Losses
  1. Avoid wasting time

Synonyms of Losses

overlooking, forgetting, misplacement, mislaying, dropping

Incurred:

Meanings of Incurred:
  1. Suffering from something (unwanted or hurtful) based on one's behavior or actions.

Sentences of Incurred
  1. I will bear all the expenses

Synonyms of Incurred

experience, bring upon oneself, sustain, suffer, expose oneself to, lay oneself open to

Losses Incurred,

What is The Meaning of Losses Incurred?

The total amount of losses incurred during the stipulated period, paid and unpaid but safe.

The resulting loss refers to the amount of benefits paid to the policyholder over a specified period, usually one year, as well as an adjustment in the provision of damages over the previous period.

Literal Meanings of Losses Incurred

Losses:

Meanings of Losses:
  1. The fact or action of losing something or someone.

Synonyms of Losses

losing, reduction, impoverishment, squandering, forfeiture, depletion, waste, diminution, privation, dissipation, disappearance, erosion, deprivation

Incurred:

Meanings of Incurred:
  1. (Somewhat unpleasant or unpleasant) Because of your own behavior or actions.

Synonyms of Incurred

give rise to, be liable/subject to, draw, arouse, run up, cause, collect, induce, invite, meet with, earn, attract, provoke, bring on

Losses Incurred,

Losses Incurred: What is the Meaning of Losses Incurred?

The total amount of losses incurred during a given period, paid and unpaid but secured.