earthquake loss estimation model - IIASA
earthquake loss estimation model - IIASA
earthquake loss estimation model - IIASA
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RISK RETENTION AND TRANSFER PARAMETERS<br />
Summary<br />
• Average Annual Loss. AAL is the expected<br />
<strong>loss</strong> per year and is equivalent to the Pure<br />
Risk Premium, PRP.<br />
• Probable Maximum Loss. PML represents<br />
the <strong>loss</strong> amount for a given annual<br />
exceedance frequency, or its inverse, the<br />
return period.