reserving
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
The actuarial process of setting aside funds to meet claims that have been incurred but not yet fully paid.
Prudent reserving ensured the insurer could still meet claims after the run of storm losses.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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