Selecting Loss Perspectives

 

In the Loss Perspectives area of the Output Options pane, select the loss perspectives that you want to include in the loss results. Each loss perspective provides you with a different way of measuring losses from a particular event. You can 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.

 

 

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Touchstone V3.0 Updated December 01, 2016