reported insurance claims that have already resulted in rendered healthcare (prior to the valuation date). The insurer, of course, will be liable for indemnifying that healthcare.
EXAMPLE:
As of October 31, 2025, Company XYZ has amassed $100M in total insurance claims ($80M from reported claims; $20M from unreported claims). Healthcare providers have already rendered service on $90M of those claims. Therefore, Company XYZ has $90M in accrued claims liability.
This liability is sometimes referred to as a liability for accrued benefits.
