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The IBNR Forecasting version of excess of loss management enables excess of loss recoveries to be based on claims that have been loaded with IBNR reserves. The loading can be applied either by means of increasing the incurred loss amounts by a percentage depending upon the statistics codes and year of account; or by adding specific amounts to identified events; or a combination of the two. The IBNR facility provides for additional reporting facilities, showing results of actual paid recoveries, known outstandings and IBNR reserves. It enables different sets of IBNR loadings to be applied and the results saved separately, thereby providing a modelling environment. |