What Does Losses Incurred Mean?

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What does Losses Incurred mean? Read on to discover the definition & meaning of the term Losses Incurred - to help you better understand the language used in insurance policies.

Losses Incurred

Losses Incurred

Losses incurred refer to the amount of benefits paid out to policyholders over a given period, usually a year, plus adjustments to the loss reserves in the previous period.

We hope the you have a better understanding of the meaning of Losses Incurred.

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