word

loss reserve

LAWS rih-ZERV

lɒs rɪˈzɜːrv

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Syllable breakdown

lossreserve

Dictionary meaning

funds set aside by an insurance company to pay future claims; includes reserves for reported claims, incurred but not reported (IBNR) claims, and unearned premiums; adequacy of reserves is a key indicator of insurer solvency

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