What does Catastrophe Reserves mean? Read on to discover the definition & meaning of the term Catastrophe Reserves - to help you better understand the language used in insurance policies.
Reserves on a captive'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.
We hope the you have a better understanding of the meaning of Catastrophe Reserves.