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What happens to unused loan loss reserves?
Unused loan loss reserves represent an overestimation of the bad loans on the books. Ultimately, the unused loan loss reserves would be taken into income
What does comprehensive loan coverage entail?
Comprehensive loan coverage includes protection for various risks associated with a loan, such as default, death, disability, or loss of income. It provides financial security for both the borrower and the lender in case of unforeseen circumstances.
What insurance is need for your RV loan?
Most loan companies will require that you have liability, collision, and comprehensive coverage. That covers you hitting someone else, someone hitting you, and loss due to fire, theft, storm damage, etc.
Why is a loan a liability for a bank?
The person or business may not pay the loan back and the bank has to take the loss
What does Loan Loss allowance mean?
Amount of money that a bank might lose because of its loan not being fully repaid.
What happens to unused loan loss reserves?
Unused loan loss reserves represent an overestimation of the bad loans on the books. Ultimately, the unused loan loss reserves would be taken into income
What has the author Giovanni Majnoni written?
Giovanni Majnoni has written: 'The dynamics of foreign bank ownership' -- subject(s): Banks and banking, Foreign Investments, Privatization 'Bank capital and loan loss reserves under basel ii' -- subject(s): Bank reserves, Loan loss reserves
What is the difference between Loan Loss Reserves and Loan Loss Provisions?
loan loss reserve: loans are going to default so banks use part of provision to book reserve. loan loss provisions: percertage of gross loans that all banks have to keep in their balance sheet as regulated
What is net loss reserves to surplus ratio?
The net loss reserves to surplus ratio is a financial metric used in the insurance industry to assess the adequacy of an insurer's reserves relative to its surplus. It is calculated by dividing the net loss reserves (the funds set aside to pay future claims) by the surplus (the difference between assets and liabilities). A lower ratio indicates a stronger financial position, suggesting that the insurer has sufficient surplus to cover potential claims, while a higher ratio may signal potential financial strain. Monitoring this ratio helps regulators and stakeholders gauge the insurer's risk management and financial health.
What does comprehensive loan coverage entail?
Comprehensive loan coverage includes protection for various risks associated with a loan, such as default, death, disability, or loss of income. It provides financial security for both the borrower and the lender in case of unforeseen circumstances.
What factors effect loss ratios?
To explain loss ratio we have to start by the factors included in a loss. The loss factors are: Claims paid plus net reserves plus incurred but not reported (IBNR) plus provision for adverse deviation (PAD) Total them and substract your total with Total recoveries (actual +potential) You now have the total loss. Once we have these factors, we can divide the loss by the earned premium to obtain the ratio.
What does it mean when the accident year loss ratio is higher than the calendar year loss ratio?
I am assuming the year, is the 'company year' and calendar year is just that... It can mean that the insurance company is releasing redundant loss reserves. This reduces the losses incurred in the current calendar year, reducing the loss ratio, and has no impact on the accident year results. Calendar year loss ratios generally measure financial performance while accident year loss ratios measure the quality of the currenty written accounts.
How are loan loss provision and loan loss reserve recorded?
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What is pure loss ratio?
The pure loss ratio is a measure used in insurance to assess the proportion of premiums that an insurer pays out in claims. It is calculated by dividing the total amount of incurred losses by the total amount of earned premiums, excluding any expenses or additional factors. A lower pure loss ratio indicates more profitability for the insurer.
Does loss assessment policy cover an assessment for a new roof for a condo?
Loss assessment insurance coverage covers damage. A new roof should be covered by reserves or by special assessment, and would not be considered a loss unless the new roof was required based on some catastrophic loss, such as a fire or wind storm.
What insurance is need for your RV loan?
Most loan companies will require that you have liability, collision, and comprehensive coverage. That covers you hitting someone else, someone hitting you, and loss due to fire, theft, storm damage, etc.
What is a win to loss ratio?
A win loss ratio is to keep track of records for a season. Ex. 4:3 Ratio. the 4 is the win while the 3 is the loss airgo win loss ratio.
