{"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"],"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}]}}