reported/unreported insurance claims that will result in healthcare getting rendered after 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 $10M in unaccrued claims liability (ie, $10M = $100M minus $90M).
This liability is sometimes referred to as a liability for unaccrued benefits.
