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IBNR

   Also found in: Financial 0.01 sec.
AcronymDefinition
IBNRIncurred But Not Reported
IBNRInteresting But Not Relevant


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44 of IBNR is needed for every $100 of known case reserves when a hospital retains $1,000,000 per occurrence.
The insurance company estimates the losses it believes have been incurred but not yet reported and sets aside money to pay them in an IBNR reserve.
A few major companies, however, have eliminated IBNR charges from their contingencies.
 
 
 
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