What is the difference between Maximum Possible Loss (MPL) & Probable maximum Loss (PML) in Insurance? Please explain.

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Question ajoutée par Afzal Biya Bani Shaik Gulam , Group Insurance Coordinator , Al-Muhaidib Group of Companies
Date de publication: 2016/10/19

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MPL: the worst loss that could possibly occur because of a single event. (worst scenario case)

PML: the maximum loss expected at a given location in a case of an accident.

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