{"id":198,"date":"2020-05-31T16:38:17","date_gmt":"2020-05-31T11:08:17","guid":{"rendered":"https:\/\/theactuarialclub.com\/learn\/?p=198"},"modified":"2020-06-27T14:18:48","modified_gmt":"2020-06-27T08:48:48","slug":"claim-reporting-delay","status":"publish","type":"post","link":"https:\/\/theactuarialclub.com\/learn\/terms\/claim-reporting-delay\/","title":{"rendered":"Claim Reporting Delay"},"content":{"rendered":"\n<p>When a claim event occurs there will be some time before it is reported or notified to the insurer \u2013 this is known as a claim reporting delay. The insurer will incur numerous claims in a calendar year, and each of those claims will have a claim delay.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em>The reporting delay is the time from the event occurrence through to the time that the insurance company is notified of the event. There may be delays due to:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the time between an event occurring and the condition emerging<br><br>e.g. for industrial diseases such as asbestos or from environmental pollution.<br><br><\/li><li>the time taken for the policyholder to advise the insurer &#8211; possibly because <ul><li>the amount involved is quite small. <\/li><li>they do not realise that there is cause for claiming<\/li><\/ul><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When a claim event occurs there will be some time before it is reported or notified to the insurer \u2013 this is known as a claim reporting delay. The insurer will incur numerous claims in a calendar year, and each of those claims will have a claim delay. The reporting delay is the time from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[157],"tags":[],"class_list":["post-198","post","type-post","status-publish","format-standard","hentry","category-terms"],"acf":[],"_links":{"self":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/comments?post=198"}],"version-history":[{"count":4,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/198\/revisions"}],"predecessor-version":[{"id":606,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/198\/revisions\/606"}],"wp:attachment":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/media?parent=198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/categories?post=198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/tags?post=198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}