MLchartDataset catalogue

Outstanding loss reserves (OSLR)

Term · Insurance and risk management · MLC-T-INS-002456

An insurer's estimate of its future liability for claims that have been reported but not yet settled or paid. This figure, also called outstanding loss reserves (OSLR), represents the total amount of money set aside to cover the costs of all open claims, including expected payments to claimants and related legal and administrative expenses. OSLR is a major liability on an insurer's balance sheet and is distinct from reserves for incurred but not reported (IBNR) losses.

Table 1. Record
IdentifierMLC-T-INS-002456
FieldInsurance and risk management
AbbreviationOSLR
Record as JSON 
{
  "id": "MLC-T-INS-002456",
  "term": "Outstanding loss reserves (OSLR)",
  "field": "Insurance and risk management",
  "definition": "An insurer's estimate of its future liability for claims that have been reported but not yet settled or paid. This figure, also called outstanding loss reserves (OSLR), represents the total amount of money set aside to cover the costs of all open claims, including expected payments to claimants and related legal and administrative expenses. OSLR is a major liability on an insurer's balance sheet and is distinct from reserves for incurred but not reported (IBNR) losses.",
  "abbreviation": "OSLR",
  "url": "https://mlchart.com/terminology/insurance/outstanding-loss-reserves-oslr/"
}

Record 2,479 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.