TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

INCURRED CLAIM [1 record]

Record 1 2016-03-08

English

Subject field(s)
  • Insurance
DEF

Losses incurred: All losses which happened within the period under study, including both those that have been paid and the others which have not yet been paid, but will become payable.

DEF

Incurred losses: Total of losses paid and loss reserves. The "incurred losses" are calculated by adding the paid losses (less recoveries by subrogation or salvage) to the reserve for unpaid claims at the end of the period, and subtracting the reserve for unpaid claims at the beginning of the period.

OBS

Terms used in the plural form.

French

Domaine(s)
  • Assurances
OBS

Dans l'usage, ces termes devraient normalement s'employer au pluriel.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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