Insurance Accounting Essentials: Key Principles & Practices
Insurers estimate claims costs, including IBNR claims, based on their experience. Reserves are adjusted, with a corresponding impact on earnings, in subsequent years as each case develops and more details become known. In the ever-evolving landscape of the insurance sector, understanding the accounting aspects is not just about compliance and number crunching; it’s about grasping …
Insurance Accounting Essentials: Key Principles & Practices Leer más »