 Posted: Tue Dec 23, 2008 11:25 am Post subject: |
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IBNR plays an important role in the reinsurance business. The primary insurer may decide against reporting the claim that's incurred to the reinsurance company.
The insurance company has to have enough reserve in order to address the claims not reported to the reinsurance company.
Just hang tight for more inputs from the experts.
~Jeremy
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JeremyHolter
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