What is Reinsurance Recoverable?
Reinsurance Recoverable The amount of paid or unpaid claims and claim adjustment expenses that an insurer is entitled to recover from reinsurers under reinsurance contracts.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Reinsurance Recoverable” Used in Practice?
The insurer reported reinsurance recoverable as an asset on its balance sheet, pending settlement from its reinsurers.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Reinsurance Recoverable?
The amount of paid or unpaid claims and claim adjustment expenses that an insurer is entitled to recover from reinsurers under reinsurance contracts.
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