Tag: Premium Liabilities

Understanding Unearned Premium Reserves (UPR) and Unexpired Risks Reserves (URR)

Consider unearned premium reserves is no different from unexpired risk reserves but in reality there are as adverse loss development is being factored in the actuarial computation

What do you understand between Unearned Premium Reserves (UPR) and Unexpired Risks Reserves (URR)? UNEARNED PREMIUM RESERVES. Simply say and forgetting about the more technical aspect of it, UPR is that portion of premium which is not earned by the…