Output Options Pane

 

The Output Options pane contains the following fields and buttons that enable you to configure the output that Touchstone generates for catastrophe peril analyses and non-catastrophe peril analyses, as well as for CAT XOL analyses:

  If you want to perform a catastrophe peril analysis using the ERN models, first select External Model in the Model field on the Analysis Settings pane. Then, see Analysis Settings Pane (ERN Loss Analysis) and Output Options Pane (ERN Loss Analysis).

Field

Description

Can Be Included in a Template?

Loss Perspectives

Specifies the loss perspectives to include in the output from this catastrophe peril analysis or non-catastrophe peril analysis. Select one or more of the following loss perspectives:

Loss Perspective

Description

Ground Up

The total loss generated, before the application of financial terms.

If you apply reinsurance, "Ground Up" will appear as "Treaty Ground Up" in the Summary EP Table. This is the maximum loss to which the treaty can be applied. For CAT XOL this will equal the Net of Pre-CAT loss. For all other types of reinsurance, this will equal the Gross loss, if the treaties are applied in parallel. If the treaties are applied serially, then each treaty’s Ground Up will equal what remains from the previous treaty.

Retained

The total loss generated after the application of location-level deductibles and of anything not covered by other limits or deductibles at the location or contract level.

Pre-Layer Gross

The total loss generated after the application of location-level limits and deductibles. This loss perspective is not available when you configure a non-catastrophe peril analysis.

Gross

The total loss generated after the application of contract-level limits and deductibles (including layers and sublimits).

If you apply reinsurance, "Gross" will appear as "Treaty Gross" in the Summary EP Table. This is the loss incurred after the application of reinsurance terms.

Net of Pre-CAT

The total loss generated after the application of all reinsurance treaties, except for Catastrophe Excess of Loss (CAT XOL) treaties.

Post-CAT Net

The total loss generated after the application of all reinsurance treaties, including CAT XOL treaties. This loss perspective is not available when you configure a non-catastrophe peril analysis.

  A CAT XOL analysis includes the Post-CAT Net loss, along with other perspectives in the target's AnalysisID table.
Yes

Save Loss By

Specifies the resolution or level of event detail by which you want to save loss information for this catastrophe peril analysis. Select from among the following options:

Save Loss By Option

Description

Portfolio

This option is automatically selected for analyses that you run against an exposure view; it does not appear for analyses that you run against individual contracts. You cannot change this setting. It provides event-level losses.

Contract

Select one of the contract options to save loss results by individual contracts, individual layers, or user-defined lines of business. If you select contract or layer, you can generate LOB and layer losses from the database.

Location

Select one of the location options to save loss results by individual location.

Geography

If you select the Geography option, you can select a geographic resolution—Event Total, Country, Area (e.g. State), Sub Area (e.g. County), or Postcode (e.g. ZIP Code).

  For a CAT XOL analysis, this area indicates that resolution by which the original analysis saved loss information. In addition, you can specify the applicable geographic level by which you want to save CAT XOL analysis results.
Yes

CLF Compatibility Note

Displays whether the output settings that you have selected for this catastrophe peril analysis or CAT XOL analysis will produce results that are compatible with Company Loss File (CLF) generation.

 

In order to generate CLFs, you must save this analysis by sub-area. That is, you must select "Sub Area (e.g. County)" in the list for the Geography Save Loss By option. If you want to map multiple lines of business in your CLF, select the "Line of Business" or "Contract" Save Loss By option.

N/A

Summary (AAL Only)

Specifies whether you want to include summary information for this catastrophe peril analysis. If you want to include summary information, select either of the following options:

Summary Option

Description

Contract Summary

Includes the AAL (Average Annual Losses) results for each contract, rather than including the event losses for each contract.

Location Summary

Includes the AAL results for each location, rather than including the event losses for each location. If you select this option, the application automatically selects Contract Summary.

  For a CAT XOL analysis, this area indicates which summary information Touchstone will include, based on which information the original analysis included.
Yes

Additional Details

Specifies whether you want to include additional details in the loss results for this catastrophe peril analysis. If you want to include additional details, select one or more of the following additional details to include:

Additional Details Option

Description

Coverage

Saves results by individual coverage (building, other structures, contents, time element).

# Claims

Saves an estimate of the number of claims that will affect your exposure, in addition to loss estimates.

Injury Type

Saves results by injury types.

MAOL

For U.S. workers' compensation exposures only, applies MAOL (maximum any one life) insurance terms to the analysis results, enabling you to include the information in CLF export files. Touchstone applies MAOL limits before calculating financial perspectives.

Select this field and then edit the MAOL terms. If this check box has already been selected, and you want to edit the MAOL terms, click .

 

You can specify four different limits. This is useful, for example, if you are configuring an analysis with multiple reinsurance treaties, each of which contain different MAOL limits. The loss engine calculates the results net of MAOL for the four different terms. For example, assume that an analysis includes two reinsurance treaties. The first treaty specifies $50 million with an MAOL term of $5M, while the second treaty specifies $40 million X $60 million with an MAOL of $10 million. You set Limit 1 to $5M and Limit 2 to $10 million.

 

While Touchstone typically generates losses at the event level, if the output is by location (postal or subarea), the application generates additional MAOL losses.

  This area is not applicable to CAT XOL analyses.
Yes

Non Catastrophe Details

Specifies whether you want to include non-catastrophe details in this non-catastrophe peril analysis. If you want to include non-catastrophe details, select any of the following options:

Non Catastrophe Details Option

Description

Contract

Saves non-catastrophe details by contract. This option is automatically selected for non-catastrophe peril analyses. You cannot change this setting.

Layer

Saves non-catastrophe details by layer (as well as by contract).

Location

Saves non-catastrophe details by location (as well as by layer and contract).

  This area is not applicable to CAT XOL analyses.
Yes

Touchstone saves results only by the selected loss perspectives in the database, which helps to reduce the amount of data stored in your databases.

  You can create and edit loss analysis templates to specify default settings for detailed loss analyses. When you create or edit a loss analysis template, you can specify any of the settings indicated in the table above to include these settings in a loss analysis template. For more information about loss analysis templates, see Loss Analysis Template.

 

 

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Touchstone V3.0 Updated December 01, 2016