Evaluated Reserves

If you are using the London Market Module, you may want to ensure that the reserves your Claim Administrator set up - so-called “Evaluated Reserves” - are maintained, and not impacted by the reserves advised by the Bureau.

To set Evaluated Reserves:

Open the claim properties for the claim where you want to set evaluated reserves
Select Edit in the Header section
Select the check-box “Eval.Reserves”
Click OK

When the check-box is selected, the system books the Bureau Reserve towards an Informational Entry Code, and leaves the Evaluated Reserve as the Claim’s proper reserve. For further details about bookings, please refer to Chapter 11 of this guide.

Field Description - Evaluated Reserves

Eval.Reserves Indicator that evaluated reserves (the reserves set up by claim’s adjustor) should be maintained as the claim’s proper reserve. Checkbox is only available if London Market Module is in use.

Value: Selected /cleared

Default: Cleared

Functional impact: Loss Reserves advised by bureau (in CLASS message), is booked towards an informational entry code, and is not replacing the reserve set up by your Claim Administrator.

Claim Properties Heading Section