This video, part of the Loss Reserving Fundamentals series, defines IBNR, or “incurred but not reported.” IBNR is described in relation to case reserves and overall loss reserves. Four of the main sources of IBNR are discussed.
This video, part of the Loss Reserving Fundamentals series, defines IBNR, or “incurred but not reported.” IBNR is described in relation to case reserves and overall loss reserves. Four of the main sources of IBNR are discussed.