Navigation:  Claims > Claims Functions > Add Reserve

Click to add a reserve, or to increase an existing reserve for the claim.

 

 

Reserve Type: This is the type of reserve required.  Note that if there is only one reserve type available for the product, it will be defaulted.

 

There are a few ways to enter the new reserve amount:

 

1. Enter a Reserve Change Amount.  If this is a new reserve, then this is just the reserve amount.  If this is a change to an existing reserve, then this figure becomes the amount the user needs to change the reserve by.  This will then calculation the New Reserve Figure.

 

2. Enter the New Total Figure.  This will then calculate the reserve change figure.

Finally more detail can be entered in the 'Damages/Expenses' grid.  When details are entered in here, they are totaled and this total then becomes the Reserve change figure, which in turn calculates the New Reserve Amount.

 

Supervisor Approval: Check this box if Reserve change has been approved, and select which supervisor approved the change.  Once a reserve transaction has been authorised it will become locked and no further changes are allowed.

 

Click to save  data.