A reserve created by an insurer as a safeguard against exceptionally poor claims experience. The reserve is created out of prudence and not in pursuance of regulatory requirements. The term is used colloquially.
The Rantings of the barely human.
A reserve created by an insurer as a safeguard against exceptionally poor claims experience. The reserve is created out of prudence and not in pursuance of regulatory requirements. The term is used colloquially.