Assurant AIZ Global Preneed — Estimated reserves using traditional reserving model
Discontinued — last reported Q4 '20
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Where this comes from
Reported directly by Assurant in its filing.
Tagged under the XBRL concept aiz:LiabilityForFuturePolicyBenefitReportedClaimsEstimatedUsingTraditionalReservingModel.
The official record: Assurant’s 10-K, filed February 19, 2021, on SEC EDGAR. View the filing →
Questions, answered.
- What does global preneed — estimated reserves using traditional reserving model mean?
- The estimated amount of money set aside to cover future claims for pre-funded funeral insurance policies.
- How do you interpret global preneed — estimated reserves using traditional reserving model?
- An increase may indicate growth in the book of business or changes in actuarial assumptions regarding mortality or interest rates, while a decrease may reflect maturing policies or changes in business volume.
- How does global preneed — estimated reserves using traditional reserving model compare across companies?
- Comparable to long-duration insurance reserve estimates reported by life and annuity insurers.