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Consumers: Life » Directory
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Ombudsman for Long-Term Insurance
| Tel: +27 21 657 5000 |
| Fax: +27 21 674 0951 |
Address:
Third Floor,
Sanclare Building,
21 Dreyer Street,
Claremont,
Cape Town, 7700 |
Postbox:
Private Bag X45,
Claremont,
Cape Town, 7735 |
Scope:
Western Cape. |
The mission of the Ombudsman for Long-term Insurance is to mediate in disputes between the subscribing members of the industry and policyholders. |
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From The Glossary » | Loss Reserve – Incurred: |
| | A provision for losses resulting from accidents or but not reported (IBNR) occurrences that have taken place, but on which the company has not yet received notices or reports of loss. These may also be termed claims incurred but not reported. | | More Definitions » |
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