Modeling with Flexibility

Cultivate Your Own View of Risk

As part of our commitment to transparency and flexibility, AIR offers an expanding range of tools and options in Touchstone® and Touchstone Re to help you truly own your risk.

Tailor Loss Modifications at a Granular Level

Customize Event Frequency

Create Custom Damage Functions

Incorporate Custom Lines of Business

Develop and Import Custom Models

Adjust EP Curves by Cedant

Tailor Loss Modifications at a Granular Level

Persona 1

“I want to lower my modeled flood losses by 10% for all pluvial locations in Germany. Can Touchstone and Touchstone Re help me do that?”

If the model results do not reflect your claims experience for structures in a specific region, Touchstone users can scale primary exposure loss outputs to fit, filtering by options such as occupancy, construction, year built, and number of stories. Combine these with other user-defined location, line of business, and event adjustments for a highly customized view. Touchstone Re users can adjust losses by event down to the line of business and area resolution.

Customize Event Frequency

Persona 1

“I want to adjust a modeled event catalog to be more in line with my climate change assumptions. Is that possible?"

You can customize the event frequency to align with your assumptions by resampling the stochastic catalog in Touchstone. Leverage the power to add or subtract certain years, such as increasing those with higher losses. Run your customized loss modifications in Touchstone alongside the baseline AIR view of risk to meet regulatory requirements, or separately for rapid internal analyses.

Create Custom Damage Functions

Persona 3

“I think damage from earthquake shake for certain commercial buildings with masonry construction should be higher at lower event intensities.”

You can apply your engineering knowledge to create unique custom damage functions in Touchstone. Your modifications to each sub-peril and coverage are substituted in the AIR vulnerability component and used to directly calculate ground-up losses.

Incorporate Custom Lines of Business

Persona 4

“I want to account for losses to LOBs like aviation that are not explicitly modeled. How can I do that?”

With options to define your own lines of business and specify damage factors for each by model, event, and geography, you can simulate all your LOBs in AIR’s powerful platforms.

Develop and Import Custom Models

Persona 5

“My research team has created their own catastrophe model for a non-modeled region and/or peril. Can we launch it in your platform?”

Import event and vulnerability data sets to develop your own models—Model Builder's templates and tools make it easy in Touchstone. Or create new aggregate models in Touchstone Re and take advantage of enterprise-grade analytics and financial tools.

Adjust EP Curves by Cedant

Persona 6

“I want to build cedant-specific claims experience into my reinsurance modeling assumptions.”

Tailor individual model EP curves, adjusting all or a portion of each cedant’s curve to more closely align with observed claims experience. Or adjust full EP distributions to match your unique view of risk.

Want to know more about how our flexible solutions empower clients to create and share independent, transparent views of risk?

Contact Us

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