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25 April 2025
| N 10:57 | Incurred But Not Reported diffhist +1,019 PaulWaring talk contribs (Created page with "Incurred But Not Reported (IBNR) refers to incidents giving rise to a claim under a policy which have already occurred but a claim has not been reported to the insurer. These can arise because: * The policyholder has not yet reported the claim. * A third party has suffered a loss but has yet to trace the policyholder and their insurer (e.g. hit by a policyholder's vehicle and the driver did not stop). * The policyholder has suffered a loss but is not yet aware of it, e....") | ||||