Definition: Gross claims incurred

Insurance services

Gross claims incurred comprise all payments made in respect of the financial year plus the provision for the claims but minus the provision for claims for the preceding financial year. These amounts shall include annuities, surrenders, entries and withdrawals of loss provisions to and from ceding insurance undertakings and reinsurers, external and internal claims management costs and charges for claims incurred but not reported.
Source:
Insurance in Europe, Eurostat - DG XV, 1996.
Created:
Updated:

Search box

Search