Case Reserves vs IBNR - Insurance Terminology - Actuarial 101

This video describes the key differences between case reserves and IBNR. This review is most relevant to the P&C insurance industry, especially for occurrence-based policies. A simple example is discussed to reinforce these important concepts. For more information, visit us at https://archeractuarial.com/ Disclaimer: Information presented in this video should not be relied upon as actuarial or accounting advice, which should be provided by a credentialed actuary or accountant familiar with the details of your organization's risk management program.