Losses Incurred But Not Reported (IBNR) An estimated amount set aside by the insurance company to pay claims that may have occurred, but for some reason have not yet been reported to the insurance company. What is Losses Incurred But Not Reported (IBNR) , What does mean Losses Incurred But Not Reported (IBNR) , Insurance Guide, Insurance Glossary
Fair Value the amount at which an asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that... more