Probable Maximum Loss: Difference between revisions
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'''Source''' | '''Source''' | ||
Society of Actuaries (2022) Probable Maximum Loss. Available at: https://actuarialtoolkit.soa.org/tool/glossary/probable-maximum-loss-pml | Society of Actuaries (2022) Probable Maximum Loss. | ||
Available at: https://actuarialtoolkit.soa.org/tool/glossary/probable-maximum-loss-pml | |||
Back to '''[[Definitions]]''' | Back to '''[[Definitions]]''' | ||
Revision as of 12:24, 28 October 2022
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