Peril Options

 

Touchstone provides a series of peril options. The following sections list the peril options in the Touchstone user interface and the peril codes that you specify when importing exposure into Touchstone:

Peril Options in the Touchstone User Interface

The following table lists the peril options that Touchstone provides in the user interface:

Earthquake

Tropical Cyclone

Severe Storm

Other Perils

Earthquake Shake (EQ)

Wind (TC)

Severe Thunderstorm (ST)

Inland Flood (IF)

Fire Following (FF)

Storm Surge (SU)

Winter Storm (WS)

Wildfire/Bushfire (WF)

Sprinkler Leakage (SL)

Precipitation Flood (PF)

 

Terrorism (TR)

Tsunami (TS)

 

 

Coastal Flood (CF)

 

 

 

NonCat (NC) (Non-catastrophe)

Touchstone Peril Codes for Import

The following table lists the three character peril codes for importing exposure into Touchstone:

Peril Code

Perils

PAL

All licensed perils

PEA

All earthquake perils (shake, fire, sprinkler leakage, and tsunami)

PEF

Fire (bushfire, fire following earthquake, or wildfire)

PES

Earthquake shake only

PFL

Inland flood

PNC

Non-catastrophe

PPH

Precipitation flood

PSH

Hurricane storm surge or coastal flood

PSL

Earthquake sprinkler leakage only

PTR

Terrorism

PTS

Tsunami

PWA

All wind perils (tropical cyclone, severe storm, and winter storm)

PWF

All wind plus fire

PWH

Tropical cyclone, extratropical cyclone, or typhoon only

PWT

Severe thunderstorm (For export only. Use PWX for import.)

PWW

Winter storm

PWX

Severe storm (wind excluding tropical cyclone)

Application of Storm Surge and Precipitation Flood

Touchstone applies storm surge and precipitation flood differently depending on the following two conditions:

       Whether you code your contract and/or location data specifically to include the storm surge peril (PSH or PAL - all licensed perils) or the precipitation flood peril (PPH or PAL - all licensed perils) when you import or add this data for a contract or location

       Whether you enable the Storm Surge or Precipitation Flood check box in the Perils area on the Analysis Settings pane when you configure a Detailed Loss Analysis

The combination of each of the options for these two conditions results in the following four scenarios:

Contract/Location Coded for Storm Surge Peril (PSH or PAL) / Precipitation Flood Peril (PPH or PAL)?

Storm Surge / Precipitation Flood Check Box in Detailed Loss Analysis Configuration Enabled?

Result

Yes

No

Touchstone does not include any storm surge / precipitation flood losses.

Yes

Yes

Touchstone runs the storm surge / precipitation flood model and includes 100% of storm surge / precipitation flood losses in the analysis results.

No

No

Touchstone does not include any storm surge / precipitation flood losses.

No

Yes

Touchstone runs the storm surge / precipitation flood model and adds the percentage of storm surge / precipitation flood losses, as specified in the Storm Surge Options dialog box or Precipitation Flood Options dialog box, to the wind losses in the analysis results.

  If the Storm Surge and Precipitation Flood sub-perils are not explicitly coded in your exposure data, you must select the Wind peril when configuring the loss analysis. You cannot get surge or precipitation flood leakage losses independently of Wind losses.

 

Including a Percentage of Storm Surge or Precipitation Flood by Line of Business

If a contract or location is not specifically covered for storm surge or precipitation flood, you may choose to configure Detailed Loss Analyses to include a percentage of storm surge or precipitation flood losses by line of business for the following reasons:

       You may choose to assume that you will pay some storm surge or precipitation flood losses, even if your policies do not specifically cover this peril. This condition is called "leakage" and typically applies to residential policies.

       You may not have the precise details that specify exactly which perils every policy covers. Therefore, you may want to assume that a certain percentage of your risks have storm surge or precipitation flood coverage. This condition typically applies to commercial policies or aggregate data.

 

 

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Touchstone V3.0 Updated December 01, 2016