incurred but not reported claim [ IBNR claim | incurred but not reported loss | unreported claim | unreported loss ]

IBNR provision [ incurred but not reported provision ]

incurred but not reported claims | IBNR | incurred but not reported losses

incurred but unreported claims reserve

claims adjusters supervisor | insurance loss adjuster | loss adjuster | vehicle damage appraiser

analyse insurance claims | categorise insurance claims | classify insurance claim | classify insurance claims

declaration of loss | notice of a claim

no-claim bonus [ no-claim discount | no-accident bonus ]

claims director | insurance claims service manager | insurance claims coordinator | insurance claims manager

However, the Commission considers that, in order to conclude insurance policies under the freedom to provide services, an insurer can have recourse to an establishment opened in the Member State of the provision of services for support activities either upstream or downstream of the conclusion of the insurance policy (e.g. use of risk assessment services or of local medical services, receipt of notices of claims relating to policies entered into under the freedom to provide services).

What requirements concerning the commitment should be included, for instance: – the nature of the insured risks, – adaptation and prevention measures to minimise the insured risks, – features and benefits (such as compensation of full replacement costs, or depreciated, time value of assets), – exclusions or limitations, – details for notifying a claim, for instance, if both the loss and its notification must fall within the contract period, – who and to what extent bears the costs of investigating and establishing the loss, – contractual effects of a failure to provide relevant information by the insurer, – the remedies, costs and proced ...[+++]ures of exercising the right of withdrawal, – contract renewals, – complaints handling?

The Commission statement we have just heard is not a very convincing statement, and I must say honestly it reminded me eerily of the propaganda statements of Eastern European socialist dictatorships.

Indeed, a combination of EUR 1 million per victim and EUR 5 million per event would be less favourable than the text in the common position, which creates an option and refers to 'claim' rather than to 'event'.