What is Aggregate Limit?
Aggregate Limit The maximum amount an insurer will pay for all covered losses during a policy period, regardless of the number or type of individual claims filed.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Aggregate Limit” Used in Practice?
Once the aggregate limit is reached, the insurer is no longer obligated to pay additional claims within the same policy period.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Aggregate Limit?
The maximum amount an insurer will pay for all covered losses during a policy period, regardless of the number or type of individual claims filed.
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