Home > Glossary

Confidence Intervals

Confidence Intervals

Definition

Statistical concept expressing the degree of confidence that, for instance, total losses will be below or above a given amount in any specified period, typically 1 year. The confidence level, or percentage, is interpreted as the long-run probability that the estimates will hold true over many stimulated estimate periods.

Related Products

Download Free Captive Report
Risk Financing
Captives and the Management of Risk

Navigation

Social Media

User ID: Subscriber Status:Free