Question

What do "Losses Paid" refer to in insurance?

a.

The total losses incurred by the insurer

b.

The amounts paid to claimants as insurance claim settlement

c.

The financial reserves set aside for future claim payments

d.

The losses reported but not yet settled by the insurer

Posted under IC85 Reinsurance Management

Answer: (b).The amounts paid to claimants as insurance claim settlement Explanation:

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Q. What do "Losses Paid" refer to in insurance?
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