What Does Risk Quantification Mean?

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What does Risk Quantification mean? Read on to discover the definition & meaning of the term Risk Quantification - to help you better understand the language used in insurance policies.

Risk Quantification

Risk Quantification

Forecasting of loss frequency and severity to make risk financing decisions. Dependable estimates of the likelihood and dollar amount of loss-causing events allow an organization to take appropriate steps now and in the future to minimize their financial impact.

We hope the you have a better understanding of the meaning of Risk Quantification.

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