TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 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.  1, record 1, English, - incurred%20loss

Record number: 1, Textual support number: 2 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.  1, record 1, English, - incurred%20loss

Record number: 1, Textual support number: 1 OBS

Terms used in the plural form.  4, record 1, English, - incurred%20loss

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

Dans l'usage, ces termes devraient normalement s'employer au pluriel.  4, record 1, French, - perte%20subie

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

To ensure that insurance companies’ unpaid claims reserves with respect to non-life insurance business better reflect the economic value of future obligations, these companies will be required to determine these reserves on a fully-discounted basis.  1, record 2, English, - unpaid%20claim%20reserve

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Les compagnies d'assurance devront déterminer les réserves pour réclamations non réglées qu'elles constituent au titre de leurs activités autres que l'assurance-vie en les calculant entièrement à la valeur actuelle de manière à mieux tenir compte de la valeur économique de leurs obligations futures.  1, record 2, French, - r%C3%A9serve%20pour%20r%C3%A9clamations%20non%20r%C3%A9gl%C3%A9es

Record 2,  Textual support,  Spanish