Back to glossaryActuarial science

Unallocated loss adjustment expenses (ULAE)

Claims department costs not chargeable to an individual file: handler salaries, premises, IT systems.

Definition

Unallocated loss adjustment expenses (ULAE) cover the operating costs of the claims function not attributable to a specific file: handler salaries and social charges, departmental overhead (premises, IT, management). Their estimation is actuarial: they are typically reserved as a percentage of gross claims reserves using methods such as the Kittel method. In international comparisons, verify whether published ratios include ULAE within expenses or losses, as this shifts both the expense ratio and loss ratio by several points.

Example

Claims department of 20 staff, annual cost 1,800,000 EUR = ULAE ≈ 8% of portfolio gross incurred losses.

Related terms
Also known as

unallocated LAE, frais non alloués, overhead sinistres, claims department overhead