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Allocated Loss Adjustment Expenses

As an item, it is part of loss adjustment expenses (LAEs). It constitutes expenses that are directly attributed and allocated...

Antiselection

The increasing tendency of persons with an above average likelihood of loss, or propensity to incur damages, to buy or...

Anti-Selection

The increasing tendency of persons with an above average likelihood of loss, or propensity to incur damages, to buy or...

Adverse Selection

The increasing tendency of persons with an above average likelihood of loss, or propensity to incur damages, to buy or...

Unexpired Risk

The risk (insurance risk) that is associated with claims that are likely to arise in the future on a policy...

PDR

It stands for premium deficiency reserve; an amount (provision or reserve) that an insurance company sets aside, on its the...

URR

It stands for unexpired risk reserve; an amount that an insurance company sets aside, on its the balance sheet, in...

Unexpired Risk Reserve

An amount that an insurance company sets aside, on its the balance sheet, in addition to unearned premiums in connection...

Unexpired Risk Provision

An amount that an insurance company sets aside, on its the balance sheet, in addition to unearned premiums in connection...

Premium Deficiency Reserve

An amount (provision or reserve) that an insurance company sets aside, on its the balance sheet, in addition to unearned...