Definitions for "Incurred Losses"
(Sinistres encourus or Sinistres subis or Sinistre parvenus or Pertes encourues) Total of losses paid and estimates of loss reserves in a given period.
( sinistres encourus ou sinistres subis ou sinistre parvenus ou pertes encourues) Total of losses paid and estimates of loss reserves in a given period.
The total losses sustained by an insurer, whether paid or unpaid. It includes a provision for IBNR.