PET - Plain English Taxonomy

Attribute:	R14411
Concept:	Financial Risk Probable Maximum Loss Amount
Label:	Probable maximum loss (PML)
Concept Guidance:	This is the value, as at the relevant date, of the probable maximum loss determined in accordance with relevant prudential standards. Probable Maximum Loss (PML) is the largest gross loss to which an insurer will be exposed (within the realms of possibility) due to a concentration of risk exposures, without any allowance for potential reinsurance assets.

Dimensions

Dimension	Member	Description
InsuranceConcentrationRiskChargeMethodDimension	(OtherAccumulationsVerticalRequirement)	This dimension categorises the reported information based on the methods used to calculate insurance concentration risk charge, as determined in accordance with relevant prudential standards. The reported information relates to exposures of losses arising from a common dependent source or non-natural perils (other accumulations), determined in accordance with relevant prudential standards.

Dimension

Member

Description

InsuranceConcentrationRiskChargeMethodDimension

(OtherAccumulationsVerticalRequirement)

This dimension categorises the reported information based on the methods used to calculate insurance concentration risk charge, as determined in accordance with relevant prudential standards.
The reported information relates to exposures of losses arising from a common dependent source or non-natural perils (other accumulations), determined in accordance with relevant prudential standards.