Question: What is the incurred - but - not - reported ( IBNR ) loss reserve? All of the following statements about business objectives in designing

What is the incurred-but-not-reported (IBNR) loss reserve?
All of the following statements about business objectives in designing a rating
system are true EXCEPT
What is the incurred-but-not-reported (IBNR) loss reserve? All of the following

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