Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does Gen Re define Estimated Maximum Loss (EML)?

April 26, 2017define estimated Gen loss maximum

0

Posted

How does Gen Re define Estimated Maximum Loss (EML)?

1 Answer

0

Posted

By making an estimation of the monetary loss, which can be sustained by the insurer on a single risk as a result of a single event. Our estimate takes into consideration the impairment of minor protection and prevention measures and the effective use of the protection and prevention measures.