For liability and worker’s compensation Insurance, any mathematical factor used to estimate the future value of current known unpaid and incurred, but not reported losses.

A factor introduced to give the insurer extra money to permit development of losses and reimburse them for claims reported late.

Any trigger for recovery under an insurance or reinsurance agreement. Examples include occurrence, claims made, death, or disability.
***
Term used in relation to the total claims payable by an insurer or reinsurer resulting from a single cause as an earthquake.
***
UK: the total losses to the ceding company or to the reinsurer resulting from a single cause such as a storm or flood, subject to any time limitations imposed by the reinsurer.
***
REINSURANCE: The total losses to the ceding company or to the reinsurer resulting from a single cause such as a windstorm.

An estimate of the most likely maximum loss that could be paid out on an exposure. Special attention is given to the loss prevention measures the insured takes.
***
An underwriter’s estimate of the probable maximum loss to be suffered on an exposure being considered, with attention given to the expected level of loss prevention activities on the part of the insured.
***
The underwriter’s calculation of probable maximum loss.

What the loss history has been on a particular line or book of business.

A set of circumstances presenting the possibility of loss, whether or not the loss actually occurs.

Exposure to loss from the damage, destruction, or taking of property.

How often a loss occurs over a given space of time.
***
The probabilities of various types of losses
***
The total amount of times that a loss occurs in a particular time frame.