Marpai, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Loss and Loss Adjustment Expenses (Tables)

Loss and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2023

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Schedule of Changes in Aggregate Reserves of Loss and Loss Adjustment Expenses

The following tables shows changes in aggregate reserves for the Company's loss and loss adjustment expenses:


		June 30, 2023				June 30, 2022
Net reserves at January 1,		$	—			$	—
Incurred loss and loss adjustment expenses
Provisions for insured events of the current year			147,415				—
Change in provision for insured events of prior year			—				—
Total incurred loss and loss adjustment expense			147,415				—
Payments
Loss and loss adjustment expenses attributable to insured events of the current year			4,268				—
Loss and loss adjustment expenses attributable to insured events of the prior year			—				—
Total payments			4,268				—
Net reserves at June 30,		$	143,147			$	—


		June 30, 2023				June 30, 2022
Net reserves at April 1,		$	84,412			$	—
Incurred loss and loss adjustment expenses
Provisions for insured events of the current year			63,003				—
Change in provision for insured events of prior year			—				—
Total incurred loss and loss adjustment expense			63,003				—
Payments
Loss and loss adjustment expenses attributable to insured events of the current year			4,268				—
Loss and loss adjustment expenses attributable to insured events of the prior year			—				—
Total payments			4,268				—
Net reserves at June 30,		$	143,147			$	—