What is Expense Reserve?
Expense Reserve A liability set aside by an insurer to cover anticipated future administrative and claims adjustment expenses related to policies in force.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Expense Reserve” Used in Practice?
The company increased its expense reserve to account for rising claim handling costs under new regulatory requirements.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
Learn “Expense Reserve” Free with Termify
Master Expense Reserve and 4,071+ professional terms with native pronunciation, IPA transcriptions and career quizzes. 100% free, forever.
Download Free for iOSFrequently Asked Questions
What is Expense Reserve?
A liability set aside by an insurer to cover anticipated future administrative and claims adjustment expenses related to policies in force.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Expense Reserve and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
Last updated: