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Insurance & ClaimsGenerated accuracy model review: 2026-05-06
Claim Reserve Estimate Calculator accuracy and testing
This page documents how Calwarden builds trust for this calculator: source notes, regression-style default tests, limitations, assumptions, unit handling, rounding, and visible change history.
Formula source
- Estimated reserve = expected indemnity + LAE percent + contingency percent + reopen margin percent - expected recovery, floored at zero.
Test cases
Default input regression check
Generated from the checked-in default inputs and calculate function.
Inputs
- Expected Indemnity: $80,000
- Loss Adjustment Expense: 12%
- Contingency Margin: 10%
- Reopen Margin: 3%
- Expected Recovery: $5,000
Expected outputs
- Estimated Claim Reserve: $95,000.00
- Loss Adjustment Expense: $9,600.00
- Contingency Amount: $8,000.00
- Gross Reserve Before Recovery: $100,000.00
Known limitations
- This page documents the checked-in calculator logic and does not certify results for every real-world edge case.
- Use the result as a planning estimate unless the calculator page states a stricter purpose.
Assumptions
- All loss amounts, policy limits, rates, fees, and settlement assumptions are entered by the user.
- Calculations run locally in your browser and are not stored by Calwarden.
- This is planning math, not insurance, legal, financial, tax, appraisal, or claims-handling advice.
Unit handling
- Expected Indemnity accepts values in $.
- Loss Adjustment Expense accepts values in %.
- Contingency Margin accepts values in %.
- Reopen Margin accepts values in %.
- Expected Recovery accepts values in $.
- Estimated Claim Reserve is displayed as currency.
- Loss Adjustment Expense is displayed as currency.
- Contingency Amount is displayed as currency.
- Gross Reserve Before Recovery is displayed as currency.
Rounding rules
- Number displays use up to 2 decimal places in the calculator UI.
- Currency outputs are displayed with standard US dollar formatting.
- Input precision follows configured step values where provided.
Version history
1.0.0 - 2026-05-06
Generated accuracy and testing page from the current claim-reserve-estimate-calculator calculator definition.
Change log
2026-05-06
Published default regression test documentation and metadata fallbacks for Claim Reserve Estimate Calculator.
Calculator transparency
Accuracy pages are generated from checked-in calculator definitions and can be upgraded with curated review metadata over time.