Probable Maximum Loss: Difference between revisions

Revision as of 11:07, 27 February 2024

Definition

The maximum loss that an insurer would be expected to incur on a policy.

Source

Society of Actuaries (2022) Probable Maximum Loss.

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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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