Probable Maximum Loss: Difference between revisions
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'''Source''' | '''Source''' | ||
Society of Actuaries (2022) Probable Maximum Loss. | Society of Actuaries (2022) Probable Maximum Loss. | ||
Back to '''[[Definitions]]''' | Available at: https://actuarialtoolkit.soa.org/tool/glossary/probable-maximum-loss-pml | ||
Back to '''[[Definitions| <span style="color: var(--myriad-blue)">Definitions</span>]]''' | |||
Latest revision as of 10:15, 23 January 2025
Definition
The maximum loss that an insurer would be expected to incur on a policy.
Source
Society of Actuaries (2022) Probable Maximum Loss.
Available at: https://actuarialtoolkit.soa.org/tool/glossary/probable-maximum-loss-pml
Back to Definitions