{"id":233,"date":"2020-05-31T17:29:17","date_gmt":"2020-05-31T11:59:17","guid":{"rendered":"https:\/\/theactuarialclub.com\/learn\/?p=233"},"modified":"2025-04-30T11:32:53","modified_gmt":"2025-04-30T06:02:53","slug":"other-reserves","status":"publish","type":"post","link":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/","title":{"rendered":"Other Reserves"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:37.27%\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-luminous-vivid-amber-background-color has-background wp-element-button\" href=\"https:\/\/theactuarialclub.com\/learn\/actuarial-gi-reserving\/outstanding-reserves\/\" style=\"border-radius:6px\">&lt; Previous<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column ghostkit-d-sm-none ghostkit-d-md-none is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:57.1%\"><\/div>\n\n\n\n<div class=\"wp-block-column tac-button-next is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:37.27%\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-luminous-vivid-amber-background-color has-background wp-element-button\" href=\"https:\/\/theactuarialclub.com\/learn\/terms\/short-and-long-tailed\/\" style=\"border-radius:6px\">Next &gt;<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Other Reserves<\/h2>\n\n\n\n<p class=\"has-very-dark-gray-color has-text-color has-background\" style=\"background-color:#d4edda\"><em>Insurers may also hold catastrophe reserves or other claims equalisation reserves.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Catastrophe Reserves<\/h2>\n\n\n\n<p>Catastrophe Reserves \u2014 reserves on a captive&#8217;s balance sheet that are for paying neither known nor incurred but not reported (IBNR) losses. The ideal would be to build up these catastrophe reserves for the rainy day when they will be needed.<\/p>\n\n\n\n<p>We are not learning how to calculate Cat Reserves here. The definitions are for knowledge purpose and you should be aware of all the reserves that you may come across later. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Claim Equalisation Reserves<\/h2>\n\n\n\n<p><em>Pending<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Questions Related to Other Reserves in a GI company<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\"><strong class=\"schema-faq-question\">What is Catastrophe Claim Reserves?<\/strong> <p class=\"schema-faq-answer\"><br\/><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>How Catastrophe reserves are <\/strong>estimated?<\/strong> <p class=\"schema-faq-answer\"><\/p> <\/div> <\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Other Reserves Insurers may also hold catastrophe reserves or other claims equalisation reserves. Catastrophe Reserves Catastrophe Reserves \u2014 reserves on a captive&#8217;s balance sheet that are for paying neither known nor incurred but not reported (IBNR) losses. The ideal would be to build up these catastrophe reserves for the rainy day when they will be [&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-233","post","type-post","status-publish","format-standard","hentry","category-terms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Other Reserves &#8226; TAC Actuarial Learning<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Other Reserves\" \/>\n<meta property=\"og:description\" content=\"Other Reserves Insurers may also hold catastrophe reserves or other claims equalisation reserves. Catastrophe Reserves Catastrophe Reserves \u2014 reserves on a captive&#8217;s balance sheet that are for paying neither known nor incurred but not reported (IBNR) losses. The ideal would be to build up these catastrophe reserves for the rainy day when they will be [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/\" \/>\n<meta property=\"og:site_name\" content=\"TAC Actuarial Learning\" \/>\n<meta property=\"article:author\" content=\"http:\/\/www.facebook.com\/maygoyal\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-31T11:59:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-30T06:02:53+00:00\" \/>\n<meta name=\"author\" content=\"Mayank Goyal FIA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@may_mgtl\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mayank Goyal FIA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/\"},\"author\":{\"name\":\"Mayank Goyal FIA\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#\\\/schema\\\/person\\\/b648b855bd3a04dca7fb005fb3d604f4\"},\"headline\":\"Other Reserves\",\"datePublished\":\"2020-05-31T11:59:17+00:00\",\"dateModified\":\"2025-04-30T06:02:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/\"},\"wordCount\":115,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#organization\"},\"articleSection\":[\"Terms\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/\",\"url\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/\",\"name\":\"Other Reserves &#8226; TAC Actuarial Learning\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#website\"},\"datePublished\":\"2020-05-31T11:59:17+00:00\",\"dateModified\":\"2025-04-30T06:02:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#faq-question-1590918857535\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Actuarial GI Reserving\",\"item\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/category\\\/actuarial-gi-reserving\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Other Reserves\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#website\",\"url\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/\",\"name\":\"TAC Actuarial Learning\",\"description\":\"Where we define everything an Actuary should know\",\"publisher\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#organization\",\"name\":\"TAC\",\"url\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2020\\\/06\\\/2tac-gold-rect-1200-630.jpg\",\"contentUrl\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2020\\\/06\\\/2tac-gold-rect-1200-630.jpg\",\"width\":1200,\"height\":630,\"caption\":\"TAC\"},\"image\":{\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/#\\\/schema\\\/person\\\/b648b855bd3a04dca7fb005fb3d604f4\",\"name\":\"Mayank Goyal FIA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cbd3b6e3d8a402975b519d8c3160a56924b5d46edb37e247d0c0a141f7a0079a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cbd3b6e3d8a402975b519d8c3160a56924b5d46edb37e247d0c0a141f7a0079a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cbd3b6e3d8a402975b519d8c3160a56924b5d46edb37e247d0c0a141f7a0079a?s=96&d=mm&r=g\",\"caption\":\"Mayank Goyal FIA\"},\"description\":\"Redmond Lover(Microsoft), London Dreamer(Actuary), California Thinker(Entrepreneur). Actuarial Science, Blogger, Web Developing, Winphan India, App development, Social Media Managing, Event Managing &amp; bla bla bla.\",\"sameAs\":[\"http:\\\/\\\/www.insurology.in\",\"http:\\\/\\\/www.facebook.com\\\/maygoyal\",\"https:\\\/\\\/www.instagram.com\\\/maygoyal\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/mayank-goyal\\\/\",\"https:\\\/\\\/x.com\\\/may_mgtl\"],\"url\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/author\\\/mayankgoyal\\\/\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#faq-question-1590918857535\",\"position\":1,\"url\":\"https:\\\/\\\/theactuarialclub.com\\\/learn\\\/terms\\\/other-reserves\\\/#faq-question-1590918857535\",\"name\":\"What is Catastrophe Claim Reserves?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<br\\\/>\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Other Reserves &#8226; TAC Actuarial Learning","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/","og_locale":"en_US","og_type":"article","og_title":"Other Reserves","og_description":"Other Reserves Insurers may also hold catastrophe reserves or other claims equalisation reserves. Catastrophe Reserves Catastrophe Reserves \u2014 reserves on a captive&#8217;s balance sheet that are for paying neither known nor incurred but not reported (IBNR) losses. The ideal would be to build up these catastrophe reserves for the rainy day when they will be [&hellip;]","og_url":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/","og_site_name":"TAC Actuarial Learning","article_author":"http:\/\/www.facebook.com\/maygoyal","article_published_time":"2020-05-31T11:59:17+00:00","article_modified_time":"2025-04-30T06:02:53+00:00","author":"Mayank Goyal FIA","twitter_card":"summary_large_image","twitter_creator":"@may_mgtl","twitter_misc":{"Written by":"Mayank Goyal FIA","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#article","isPartOf":{"@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/"},"author":{"name":"Mayank Goyal FIA","@id":"https:\/\/theactuarialclub.com\/learn\/#\/schema\/person\/b648b855bd3a04dca7fb005fb3d604f4"},"headline":"Other Reserves","datePublished":"2020-05-31T11:59:17+00:00","dateModified":"2025-04-30T06:02:53+00:00","mainEntityOfPage":{"@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/"},"wordCount":115,"commentCount":0,"publisher":{"@id":"https:\/\/theactuarialclub.com\/learn\/#organization"},"articleSection":["Terms"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/","url":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/","name":"Other Reserves &#8226; TAC Actuarial Learning","isPartOf":{"@id":"https:\/\/theactuarialclub.com\/learn\/#website"},"datePublished":"2020-05-31T11:59:17+00:00","dateModified":"2025-04-30T06:02:53+00:00","breadcrumb":{"@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#faq-question-1590918857535"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/theactuarialclub.com\/learn\/"},{"@type":"ListItem","position":2,"name":"Actuarial GI Reserving","item":"https:\/\/theactuarialclub.com\/learn\/category\/actuarial-gi-reserving\/"},{"@type":"ListItem","position":3,"name":"Other Reserves"}]},{"@type":"WebSite","@id":"https:\/\/theactuarialclub.com\/learn\/#website","url":"https:\/\/theactuarialclub.com\/learn\/","name":"TAC Actuarial Learning","description":"Where we define everything an Actuary should know","publisher":{"@id":"https:\/\/theactuarialclub.com\/learn\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/theactuarialclub.com\/learn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/theactuarialclub.com\/learn\/#organization","name":"TAC","url":"https:\/\/theactuarialclub.com\/learn\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/theactuarialclub.com\/learn\/#\/schema\/logo\/image\/","url":"https:\/\/theactuarialclub.com\/learn\/wp-content\/uploads\/sites\/6\/2020\/06\/2tac-gold-rect-1200-630.jpg","contentUrl":"https:\/\/theactuarialclub.com\/learn\/wp-content\/uploads\/sites\/6\/2020\/06\/2tac-gold-rect-1200-630.jpg","width":1200,"height":630,"caption":"TAC"},"image":{"@id":"https:\/\/theactuarialclub.com\/learn\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/theactuarialclub.com\/learn\/#\/schema\/person\/b648b855bd3a04dca7fb005fb3d604f4","name":"Mayank Goyal FIA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/cbd3b6e3d8a402975b519d8c3160a56924b5d46edb37e247d0c0a141f7a0079a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/cbd3b6e3d8a402975b519d8c3160a56924b5d46edb37e247d0c0a141f7a0079a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cbd3b6e3d8a402975b519d8c3160a56924b5d46edb37e247d0c0a141f7a0079a?s=96&d=mm&r=g","caption":"Mayank Goyal FIA"},"description":"Redmond Lover(Microsoft), London Dreamer(Actuary), California Thinker(Entrepreneur). Actuarial Science, Blogger, Web Developing, Winphan India, App development, Social Media Managing, Event Managing &amp; bla bla bla.","sameAs":["http:\/\/www.insurology.in","http:\/\/www.facebook.com\/maygoyal","https:\/\/www.instagram.com\/maygoyal\/","https:\/\/www.linkedin.com\/in\/mayank-goyal\/","https:\/\/x.com\/may_mgtl"],"url":"https:\/\/theactuarialclub.com\/learn\/author\/mayankgoyal\/"},{"@type":"Question","@id":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#faq-question-1590918857535","position":1,"url":"https:\/\/theactuarialclub.com\/learn\/terms\/other-reserves\/#faq-question-1590918857535","name":"What is Catastrophe Claim Reserves?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/233","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=233"}],"version-history":[{"count":9,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/233\/revisions"}],"predecessor-version":[{"id":902,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/233\/revisions\/902"}],"wp:attachment":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/media?parent=233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/categories?post=233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/tags?post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}