Creating a New Non Catastrophe Peril Analysis

 

You can perform a non-catastrophe peril analysis in Portfolio Mode or in Underwriting Contract Mode.

Creating a New Non-Catastrophe Peril Analysis in Portfolio Mode

In Portfolio Mode, you choose one or more exposure views or a single contract as the target for a non-catastrophe peril analysis.

Process overview

To perform a non-catastrophe peril analysis in Portfolio Mode:

1.      Create a project or open an existing project.

2.      To perform an analysis on an exposure view, in the Project Data pane, select the name of the desired exposure view. Alternately, create a new exposure view. To perform an analysis on a single contract, open the desired exposure view. If the Exposure Summary Dashboard appears, select Contract List and then select the desired contract.

3.      With the exposure view or contract selected, in the New Analysis area of the navigation pane, click Detailed Loss (if you highlighted an exposure view) or Contract Loss (if you highlighted a contract). The New Detailed Loss Analysis pane appears.

 

If you are analyzing a single contract in an exposure view that has a filter applied, the contract analysis considers the entire contract and does not take the filter definition into consideration during the analysis.

4.      If necessary, select a loss analysis template in the Template field. Administrators create loss analysis templates to specify defaults for analysis settings.

5.      If the analysis target is an exposure view and you want to run the analysis on multiple analysis targets, click the down arrow in the Analysis Target field, and  then select the analysis targets that you want to use. (The down arrow does not appear if you selected a contract as the target.)

6.      Note the percent of non-geocoded exposure message. Since Touchstone does not generate results for non-geocoded locations, you may want to fix the data before running the analysis, if the percent of non-geocoded data is high.

7.      In the Analysis Settings pane, select Non Catastrophe Peril Analysis.

8.      In the Loss Diagnostics area, select and configure each of the following diagnostics:

       Analysis Settings: Enables you to configure analysis settings, such as selecting the event set.

       Reinsurance: Enables you to select the reinsurance programs to apply and to configure facultative reinsurance (optional). Per-Risk Excess of Loss (XOL) treaties and layers that are coded for multiple perils apply to the appropriate locations for losses that result from catastrophe peril analyses. For losses that result from non-catastrophe peril analyses, if the Per-Risk XOL treaty or layer is coded for the NC (Non Cat) peril, the treaty or layer applies only to locations coded for NC. Therefore, if a location is not coded for NC, the treaty or layer will not be applied, and there will be no non-catastrophe loss results for that location.

       Output: Enables you to configure how to save the loss results.

       Analysis Management: Enables you to configure analysis-specific functions.

9.      In the Analysis Name field, leave the default name, which includes the exposure view name or the contract ID and the type of analysis, or enter a unique alphanumeric identifier.

  Entering some combination of the exposure view name or the contract ID along with the analysis type enables you to find result sets quickly in the Activity Monitor.

10.   Click Run. The application adds the analysis to the Activity Monitor queue for processing when the required system resources are available and as soon as any specified scheduling and priority conditions are satisfied. Click here for information about resubmitting the job from the Activity Monitor.

Creating a New Non-Catastrophe Peril Analysis in Underwriting Contract Mode

In Underwriting Contract Mode, you choose a single contract as the target for a non-catastrophe peril analysis.

Process overview

To perform a non-catastrophe peril analysis in Underwriting Contract Mode:

1.      Open the desired contract to view the Contract Summary Dashboard.

2.      In the navigation pane, click Detailed Loss. If Touchstone has not yet run a Detailed Loss Analysis on this contract, the New Detailed Loss Analysis pane appears. Alternately, if Touchstone has already performed a Detailed Loss Analysis on this contract, the results of the most recent Detailed Loss Analysis appear. In this case, click Analysis Options to configure a new catastrophe peril analysis for this contract. The New Detailed Loss Analysis pane appears.

3.      If necessary, select a loss analysis template in the Template field. Administrators create loss analysis templates to specify defaults for analysis settings.

4.      In the Analysis Settings pane, select Non Catastrophe Peril Analysis.

5.      In the Loss Diagnostics area, select and configure each of the following diagnostics:

       Analysis Settings: Enables you to configure analysis settings, such as selecting the event set.

       Reinsurance: Enables you to select the reinsurance programs to apply and to configure facultative reinsurance (optional). Per-Risk Excess of Loss (XOL) treaties and layers that are coded for multiple perils apply to the appropriate locations for losses that result from catastrophe peril analyses. For losses that result from non-catastrophe peril analyses, if the Per-Risk XOL treaty or layer is coded for the NC (Non Cat) peril, the treaty or layer applies only to locations coded for NC. Therefore, if a location is not coded for NC, the treaty or layer will not be applied, and there will be no non-catastrophe loss results for that location.

       Output: Enables you to configure how to save the loss results.

       Analysis Management: Enables you to configure analysis-specific functions.

6.      In the Analysis Name field, leave the default name, which includes the contract ID and the type of analysis, or enter a unique alphanumeric identifier.

  Entering some combination of the contract ID along with the analysis type enables you to find result sets quickly in the Activity Monitor.

7.      Click Run. The application adds the analysis to the Activity Monitor queue for processing when the required system resources are available and as soon as any specified scheduling and priority conditions are satisfied. Click here for information about resubmitting the job from the Activity Monitor.

 

 

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Touchstone V3.0 Updated December 01, 2016