Relevant estimation of loss reserves related to general insurance activity was and is one of the most important issues for insurance companies. Maintenance of loss reserves at the right level repre-sents the key condition of insurance monitoring authorities as the result of performance...

The intent of this article is to introduce the topic of both Unexpired Risk Reserve and loss Reserving, especially of the Incurred but not reported reserves (IBNR). We will focus on the purpose, common definitions and basic principles. We will explore the common techniques used by practicing...