For instance, in the event of a surveyor assessing the extent of damage of an insured vehicle, the costs incurred for appointment of the surveyor become part of the allocated loss adjustment expense.
Definition: Embedded value is the sum of the net asset value and present value of future profits of a life insurance company. Description: This measure considers future profits from existing business ...
Partly cloudy. Medium chance of showers, becoming less likely later this evening. The chance of a thunderstorm. Winds southwesterly 15 to 25 km/h tending westerly in the late evening. Sun protection ...