Probable Maximum Loss: Difference between revisions
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Available at: https://actuarialtoolkit.soa.org/tool/glossary/probable-maximum-loss-pml | Available at: https://actuarialtoolkit.soa.org/tool/glossary/probable-maximum-loss-pml | ||
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Latest revision as of 11:15, 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