Developed losses means losses (including loss adjustment expenses) adjusted, using standard actuarial techniques, to eliminate the effect of differences between current payment or reserve estimates and those needed to provide actual ultimate loss (including loss adjustment expense) payments.
Developed losses means losses, including loss adjustment expenses, adjusted using accepted actuarial standards, to eliminate the effect of differences between current payment or reserve estimates and those which are anticipated to provide actual ultimate loss, including loss adjustment expense payments;
Developed losses means losses including loss adjustment expenses, adjusted,
Examples of Developed losses in a sentence
Developed losses" or "total incurred losses (developed)" are a component of the retrospective rating premium formula intended to account for the fact that total incurred losses in claims are likely to increase over time.
Developed losses are the actual payments eventually made by malpractice insurers for malpractice claims.
More Definitions of Developed losses
Developed losses means adjusted losses, including loss adjustment expenses, using accepted
Developed losses means losses (including loss adjustment expenses) adjusted, using standard actuarial techniques, to their ultimate anticipated value;
Developed losses means losses adjusted using standard actuarial techniques to eliminate the effect of differences between:
Developed losses means adjusted losses (including loss adjustment expenses), using accepted actuarial standards, to eliminate the effect of differences between current payment or reserve estimates and those needed to provide actual ultimate loss (including loss adjustment expense) payments.
Developed losses means losses (including, including
Developed losses means losses, including loss adjustment
Developed losses means losses, including loss adjustment expenses, adjusted using accepted actuarial standards, to eliminate