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What is IBNR?

by Jeff Adcock, FCAS, MAAA | Aug 3, 2011 | Analytical Issues, Loss Development and Trend

An underwriter once emailed me declaring that the IB and R load was too high on a particular account. I never had the heart to ask him what the letters I, B, or R signified in that statement, but obviously that must be what IBNR sounds like when pronounced too fast or...

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