Insurance & Pension Policies
Bank & Building Society Accounts

IBNR Claims

Abbreviation for 'incurred, but not reported' - Amount set aside for claims that are anticipated to have occurred but which have not yet been advised to the Company. The accounting code definition states that as a reserve it also represents any general reserve for inflation. For direct business written within the UK it normally constitutes the average number of claims which are reported late x the average claims costs. London Market Business, however, normally represents the difference between known case reserves and the ultimate loss ratios determined by the Company.

Do you have old policies lying about? Perhaps it's a term or whole of life insurance, pension, endowment, bond or an annuity policy. Or do you receive statements for a policy which you are unsure about? Why not use Policy Detective to find the answers.

Which company now looks after your policy? Who can you contact about your policy? What do all those words and phrases on my policy document actually mean?

Policy Detective is a UK company for UK customers. We help you to track-down the Administrators for policies which you or your loved ones may have in the bureau or the attic. You never know how much money there could be in that old policy. It's not easy to find this information, as companies through time are taken-over, merge with other companies and even change their names. We can help you find the company which now deals with your policy. Some companies even allow us to check the status of your policy.

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