Probable Maximum Loss
The probable maximum loss (PML) is an estimate of the likelihood that a catastrophic loss will be met or exceeded within a specified time. For example, a 1000-year return period PML loss has a 0.1 percent probability.
The probable maximum loss (PML) is an estimate of the likelihood that a catastrophic loss will be met or exceeded within a specified time. For example, a 1000-year return period PML loss has a 0.1 percent probability.