The detailed loss analysis function enables you to run catastrophe peril analyses.

A catastrophe peril analysis is a probabilistic analysis on your exposure data. This probabilistic analysis uses simulated events generated by AIR to model loss estimates for your exposure data, both property data and workers' compensation data. AIR's stochastic event sets are designed to produce a complete and stable range of potential annual experience of catastrophe activity. The pattern and distribution of the simulated years approximate the pattern of historical and future years because their derivation is based on a scientific extrapolation of historical data.

You can configure a detailed loss analysis to use any combination of licensed perils, demand surge settings, and financial settings, such as correlation, disaggregation, and average properties. You can also choose whether to apply reinsurance programs or facultative reinsurance. Further, you can run loss analyses with a variety of perspectives. For a catastrophe peril analysis, you can save results by portfolio, contract, layer, line of business, location, geography, coverage, and number of claims. For a non-catastropher peril analysis, you can save results by contract, layer, location, and reinsurance program.

You run a detailed loss analysis on an exposure view or on a single contract.