Case reserve definition

Case reserve means the best estimate documented in the claim−loss file of all liability to pay compensation on a claim under s. 102.81 (1), Stats.
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Examples of Case reserve in a sentence

  • Case reserve estimates are initially determined on the basis of loss reports received from third parties.

  • If iy = Incurred yearT = Report year – incurred year v = Discount ratetPaid Claimsiy = Paid claims during current or prior calendar year t from claims incurred in year iytCase Reserveiy = Case reserve at end of calendar year t from claimsincurred in iytTransferred Reserveiy = Transferred reserve at end of calendar year t fromclaims incurred in iy and t = iy, iy+1, iy+2, .

  • Case reserve estimates are initially determined based on loss reports received from third parties.

  • Case reserve estimates are initially set on the basis of loss reports received from third parties.

  • Case reserve – “estimate of the amount of money required to ultimately settle” a claim15.

  • In connection with this opinion, we have examined all proceedings taken by you relating to the issuance of up to 8,600,000 shares of the Common Stock.

  • Adjust data and/or projections for changes in: • Case reserve adequacyc.

  • Case reserve estimates are initially set on the basis of loss reports received from ceding companies.

  • Case reserve figures and audit letters are considered opinion work product.

  • At June 30, 2017 the composition of technical reinsurance reserves related to the PartnerRe Group was as follows: € million6/30/201712/31/2016ChangeUnpaid losses and Loss expenses8,0598,525(466)Life and health technical reinsurance reserves1,9901,882108Unearned premium reserves1,9211,540381Total technical reinsurance reserves11,97011,94723 Unpaid Losses and Loss ExpensesUnpaid losses and loss expenses are categorized into three types of reserves: Case reserve, ACRs and IBNR reserves.

Related to Case reserve

  • Spinning Reserve means the ability to immediately and automatically increase generation or reduce demand in response to a fall in frequency;

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Loss Reserve Percentage means, on any date, the product of (i) 2.25 times (ii) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (iii) (A) the aggregate credit sales made by the Originator during the four most recent calendar months, divided by (B) the Net Receivables Pool Balance as of such date.