Using analogies and
examples, this webinar will provide you with a better
understanding of Incurred But Not Reported (IBNR).
What is IBNR and why does it matter? Is it a
financial concept, an underwriting concept, or both?
(Clue: It's both)
How can IBNR be
estimated? Is it something a non-actuary can
understand? (Clue: Yes.)
Whether or not the IBNR for my company's overall
book is correct, why does the IBNR built into the
loss estimates for my accounts usually seem too
high? (Yes, believe it or not, we're going to cover