Loss estimates refer to the amount of money that an insurance company or a business expects to lose due to certain events such as natural disasters, accidents, thefts, etc. These estimates are usually calculated based on historical data and statistical models which take into account various factors like severity, frequency, and probability of occurrence of these events. Loss estimates help insurance companies and businesses to assess their risks, set premiums, and plan for future losses. They also provide valuable information to policyholders, investors, and regulators about the financial stability and solvency of an insurance company or a business.