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)

9 Months Ended

Sep. 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:


		September 30, 2023				September 30, 2022
Net reserves at January 1,		$	—			$	—
Incurred loss and loss adjustment expenses
Provisions for insured events of the current year			205,238				—
Change in provision for insured events of prior year			—				—
Total incurred loss and loss adjustment expense			205,238				—
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 September 30,		$	200,970			$	—


		September 30, 2023				September 30, 2022
Net reserves at July 1,		$	143,147			$	—
Incurred loss and loss adjustment expenses
Provisions for insured events of the current year			57,823				—
Change in provision for insured events of prior year			—				—
Total incurred loss and loss adjustment expense			57,823				—
Payments
Loss and loss adjustment expenses attributable to insured events of the current year			—				—
Loss and loss adjustment expenses attributable to insured events of the prior year			—				—
Total payments			—				—
Net reserves at September 30,		$	200,970			$	—