MLchartDataset catalogue

Bulk reserves

Term · Insurance and risk management · MLC-T-INS-000635

An aggregate amount of funds set aside by an insurer to cover potential future claim payments that are not yet specifically identified or individually estimated. These reserves account for adverse development on known claims, claims incurred but not reported (IBNR), and other uncertainties in loss estimation. They are a component of an insurer's total loss reserves, alongside case reserves and IBNR reserves.

Table 1. Record
IdentifierMLC-T-INS-000635
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000635",
  "term": "Bulk reserves",
  "field": "Insurance and risk management",
  "definition": "An aggregate amount of funds set aside by an insurer to cover potential future claim payments that are not yet specifically identified or individually estimated. These reserves account for adverse development on known claims, claims incurred but not reported (IBNR), and other uncertainties in loss estimation. They are a component of an insurer's total loss reserves, alongside case reserves and IBNR reserves.",
  "url": "https://mlchart.com/terminology/insurance/bulk-reserves/"
}

Record 400 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.