Loss Reserve

Type: Information Object

Status: Planned
Industry Sector: Insurance
Sensitivity Level: Confidential
Personal Information: Sensitive PII

Description:
An actuarial estimate of future claim payments and claim-handling costs for reported or incurred insurance losses.

Accessed by Application(s):

• Actuarial Reserving Platform
• Exposure Management Platform
• Insurance Compliance Platform
• Insurance Product & Rating Platform

 Yes

Attributes

Order	Name	Description	Type	Cardinality	Example value
1	Reserve ID	Unique identifier for the loss reserve	GUID	Mandatory
2	Claim ID	Reference to a claim when the reserve is claim-specific	Reference	Optional
3	Confidence Level	Confidence or percentile basis for the reserve	Decimal	Optional
4	Reserve Amount	Estimated future payment amount		Mandatory
5	Valuation Date	Date on which the reserve estimate applies	Date	Mandatory
6	Approved By	Role or person approving the reserve	Reference	Optional
7	Line of Business	Insurance line covered by the reserve	String	Mandatory
8	Reserve Basis	Method or assumption basis used for reserve calculation		Mandatory

 Yes
 
 Planned
 Sensitive PII
 Confidential
 Insurance
 An actuarial estimate of future claim payments and claim-handling costs for reported or incurred insurance losses.

✏️ Edit

"Currency" is not in the list (String, Integer, Boolean, Date, Date & Time, GUID, Enumeration, Decimal, Binary, Reference) of allowed values for the "Attribute Type" property.

"Text" is not in the list (String, Integer, Boolean, Date, Date & Time, GUID, Enumeration, Decimal, Binary, Reference) of allowed values for the "Attribute Type" property.