Like total cost of risk (TCOR) calculations, ECOR incorporates the sum of expected retained losses
, insurance premiums, and other expenses such as administrative costs, fees and taxes.
Third-party data that could be crowdsourced can help compute ground-up losses, retained losses
and loss per carrier based on any events simulated.
The Consultant shall Identify, review, evaluate and report upon the following: (1) Financial ratings of insurers; (2) Insurance limits; (3) Deductibles and retentions; (4) Scope of insurance coverage including deficiencies and overlaps; (5) The cost of risk (insurance premiums, retained losses
and administrative expenses); (6) Alternative risk financing options; and (7) Current quality and levels of services provided by insurers.
Gold retained losses
from overnight on Thursday, as the Federal Reserve characterized a recent slowdown in the U.
Since incorporation retained losses
recorded on the balance sheet totalled approximately PS13m and cash flow was severely strained as a result.
The AGM resolved that no dividend should be paid and that the company's profits be disposed of such that SEK60,968,113 be carried forward to new account, consisting of share premium reserve of SEK172,523,683, retained losses
of SEK87,017,264 and this year's loss of SEK24,538,306.
Estimate the expected annual retained losses
(to assess average costs/savings).
Insurers require collateral to guard against the risk the insured company might fail to pay future premiums or retained losses
, particularly in the event of a bankruptcy.
The bank is planning to wipe out about USD3bn of retained losses
by cutting the par value of its stock.
It recorded an after-tax profit of EUR100,000 for the 2007 financial year but was still sitting on retained losses
of EUR193,000 at this year's end.
Under this scenario, most or all retained losses
across integrated lines are lumped into a basket aggregate.
Firms often allocate retained losses
and fixed insurance premiums and associated expenses to individual operating units.