Q. How does under-reserving initially impact an insurer?

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Q. From the perspective of shareholders, what is the major interest regarding a company's reserving practices?

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Q. What is the main reason why governments may prefer prudent reserving from a regulatory standpoint?

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Q. What aspect of reserving practices would governments be concerned about as collectors of taxes?

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Q. How are shareholders typically informed about a company's reserves?

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Q. Why do underwriters study the pattern of reserves development?

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Q. How do underwriters utilize specific claims histories?

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Q. What does the Unearned Premium Reserve represent?

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Q. How are reserves calculated in practice for the Unearned Premium Reserve?

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Q. What is the purpose of the Unexpired Risk Reserve?

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Q. What does the Outstanding Claims Reserve represent?

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Q. What does IBNR stand for in the context of claims reserves?

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Q. What is one of the main challenges for insurers regarding IBNR reserves?

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Q. What is the purpose of a Claims Equalisation Reserve?

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Q. Apart from technical reserves, what other types of reserves do insurers create?

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Q. What are hidden reserves?

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Q. What is the primary purpose of the reserving policy in insurance?

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Q. How are estimates for smaller and simpler claims typically determined?

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Q. What approach is taken for larger and more complex claims?

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Q. Why is it crucial to revisit claims reserves regularly?

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