Contents: The report identifies the summary of "Open" reserves on coverages as of a selected report period. Optional sorts and subtotals can be done by company, line of business and state, showing the number of "Open" loss reserves and reserve amounts for each coverage. The totals balance back to the Outstanding Reserve Detail Report by Coverage totals.
The report includes:
Coverage (Description)
Loss Indemnity / Reserve (Open Reserve Amount)
ALAE / DCC Reserve (Open Reserve Amount)
ULAE / AO Reserve (Open Reserve Amount)
Cov. Counts (Coverage Counts - # of Features Included in Totals)
Who Uses Report: Claims management. This report can be used to monitor "Open" loss reserve activity by coverage and can be used to balance reported MTD (Month to Date) as well as YTD (Year to Date) 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 Summary By Coverage" report, enter the current date in the format: MM/DD/YYYY.
To produce a "Monthly Outstanding Reserve Summary By Coverage" report, enter the date in the format: MM/YYYY.