Outstanding Claims

A

The sum of values assigned by claims adjusters to specific known claims that were recorded by the insurance entity but not yet paid at the financial statement date is known as case-basis reserves.

Case-basis reserves are a type of loss reserve that insurance companies set aside to cover the estimated future payments for claims that have been reported but not yet settled. These reserves are calculated on a case-by-case basis, with each individual claim being evaluated separately by an expert claims adjuster to determine the estimated amount of the future payment.

The purpose of case-basis reserves is to ensure that insurance companies have enough funds set aside to cover the expected future payments for reported claims. By setting aside these reserves, insurance companies can accurately reflect their financial position and ability to pay claims in their financial statements.

In contrast, aggregate reserves are a type of loss reserve that is calculated based on statistical analysis and actuarial modeling. They represent the estimated future payments for all claims, including those that have not yet been reported, and are typically calculated using complex mathematical models and statistical methods.

Computing reserves is not a commonly used term in the insurance industry, and it is not typically used to refer to the type of reserves described in this question. Therefore, option B can be eliminated.

Therefore, the correct answer to the question is A. case-basis reserves.