An Adjuster Report is a detailed document prepared by an insurance adjuster, outlining the findings and conclusions regarding an insurance claim. It is essential for insurance claim processing and dispute resolution.
Coordination of Benefits (COB) refers to the process of managing insurance claims efficiently when multiple insurance policies are involved. It aims to ensure that benefit payments do not exceed the total allowable expense for a given claim.
Quota Share Reinsurance involves the proportional sharing of premiums and losses between an insurer and a reinsurer based on a predetermined retention limit.
Comprehensive definition and calculation method for Incurred But Not Reported (IBNR) reserves in the insurance industry, including its significance and practical examples.
