The practical application of EML and MPL to property reinsurance cessions and facultative placements

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Facilitator : Simba Mukonzo
Description :
The concepts of Estimated Maximum Loss (EML) and Maximum Probable Loss (MPL) are very critical in the underwriting of property and engineering risks. It is very important to fully understand how these two concepts differ and also how they are applied in real life. Wrong application of the EML or MPL can have devastating consequences for an underwriter and their company.