GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Severity

The dollar amount of a given loss or the aggregate dollar amount of all losses for a given period.

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Welcome To The Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please see our Press Release: riskeducation.org