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» Insurance » Topics begins with P » Probable maximum damage


Page modified: Saturday, June 24, 2006 10:36:33

Probable maximum damage (English probable maximum loss, PML) is a term from the insurance economy.

In the reinsurance (insurance) - the probable maximum damage measures special sections selfkept and the reinsurance delivery. For example in the industrial fire insurance one tries to determine with statements over occurred damage, design, inflammability and situation of the buildings which damage is to be expected maximally.


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