Frequency And Distribution Of Losses


Definition of "Frequency and distribution of losses"

Rebecca Mould real estate agent
Rebecca Mould, Real Estate Agent Lighthouse Harbour Realty, LLC

Number of times losses occur, and their severity. These statistics measure expectation of loss, and are critical in establishing a basic premium or the pure cost of protection that is based on expectation of loss.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions