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 GeneralCologne Re define Probable Maximum Loss (PML)?

April 26, 2017define generalcologne loss maximum pml probable

0

Posted

How does GeneralCologne Re define Probable Maximum Loss (PML)?

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 the most important protection and prevention measures. We also consider the effective use of all other protection and prevention measures, which could lessen the extent of loss.