Contents: This report is used to monitor "Open" reserve activity and can be used to balance reported MTD (Month to Date) as well as YTD (Year To Date) reserve totals as of the current date. The report identifies the reserve detail on claims that have open reserve (Loss / Indemnity and Expense Reserves) as of a selected report period date. Optional sorts and subtotals can be done by company, state and line of business (displaying Coverage and Sub coverage within the Claim Number). Totals from the Detail report balance to the Coverage Summary report coverage and grand totals, as well as the Outstanding Reserve Detail by Coverage Report total. This report can be run two (2) ways. It can be run as a monthly report OR it can be run as of a current date.
The report includes:
Claim Number
Loss Date
Insured Name (As pulled from the claim)
Rpt. Date (Reported date of claim)
Cat. No. (Catastrophe number)
In Suit Indicator ("Y" = Yes, "N" = No
Loss Type
Clmt. No. (Claimant Number)
Coverage (Description)
Subcoverage (Description)
Loss / Indemnity Reserve (Open Reserve Amount)
ALAE / DCC Reserve (Open Reserve Amount)
ULAE / AO (Open Reserve Amount)
Who Uses Report: Claims management. This report is used to monitor "Open" reserve activity, and may be used to balance reported MTD (Month to Date) as well as YTD (Year To Date) reserve totals.
When to Run Report: Can be run any time using the current date (MM/DD/YYYY) or it can be run as of a monthly date (MM/YYYY).
Input Parameters:
Company (With an option for "All")
State (With an option for "All")
Line of Business (With an option for "All")
Coverages (With an option for "All")
To produce a "Current Outstanding Reserve Detail By Coverage" report, enter the current date in the format: MM/DD/YYYY.
To produce a "Monthly Outstanding Reserve Detail By Coverage" report, enter the date in the format: MM/YYYY.