Touchstone Re 2021 (10.0) includes enhancements to AIR Earthquake Model for Japan, AIR Typhoon Model for Japan, and AIR Multiple Peril Crop Insurance Model for the United States. This release also offers flexibility with currency options, ability to create multiple results databases, support for converting the event-level losses (ELT) and exceedance probability (EP) summary losses to the user loss file (ULF) format, and ability to run analysis for contracts covering multiple years.
AIR has made changes to the database schema to accommodate the following features and enhancements for Touchstone Re 2021.
- Select and delete multiple activities in Activity Monitor on the Touchstone Re user interface.
- Save program and portfolio loss results in a currency of your choice. This lets you work with losses in a currency relevant to the location where the losses originated. Additionally, AIR has also updated the currency codes and exchange rate table.
- Convert the exceedance probability (EP) or return period (RP) summary losses to a binary user loss file (ULF). The loss is disaggregated to the area/subarea level as well as by line-of-business (LOB). This feature is available for clients who license EP Adjustments.
- Convert event-level losses (ELT) to user loss files (ULF) (with flexible geography and peril combinations) to create a loss file package based on catalogs that can then be attached to any program for analysis with reinsurance terms.
- AIR has added more Lines of Business (LOBs), including crops and new livestock categories, and has extended program coverage rates for the AIR MPCI Model for China.
- A Japan Earthquake Custom First Loss event set is being introduced that supports setting different Commercial First Loss percentages by prefecture to run in a single analysis.
- AIR has implemented Multi-year Analysis for reinsurance and catastrophe bond contracts covering multiple years that provides access to cumulative loss distributions for the duration of these contracts.
- AIR has included 'Day of Year' in loss tables, which is maintained in the AIRResultRe database.
The following database changes have been introduced in Touchstone Re 9.0:
These changes support several new features and enhancements in Touchstone Re. For more information, see Touchstone Re Release Notes and Touchstone Re online help on AIR's Client Portal.
New Databases
AIR has not added new databases in Touchstone Re 9.0.
New Tables
AIR has added the following database tables in Touchstone Re 9.0:
Table | Description |
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AIRResultRe.dbo.tRRRR_LOSS_DimUSMPCIIndPremium |
Stores information about the Multi Peril Crop Insurance Model for the United States. Default industry premiums are based on government-reported premium amounts. The table also stores user-specified custom percentages that the application can apply to the default industry premiums. Touchstone Re stores premiums for each of the three MPCI funds (BuyUp, Cat, and Revenue) and applies the premiums and custom percentages during loss analyses that include the MPCI Model for the U.S. |
Stores information about the currency exchange rates associated with reinsurance treaties or layers during a portfolio loss analysis. This table stores the user-provided currency option to save and export loss results. |
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AIRExposureRe.dbo.tReinsuranceProgramJapanCFLRatio |
Stores information about the event sets and the corresponding prefecture ratios. Touchstone Re generates this table to calculate custom first loss in 10k event catalogs. The system validates the user-provided prefecture ratios and then automatically maps the event set with a closest first loss perspective. |
AIRExposureRe.dbo.tReinsuranceEPCurve |
This table stores information about the exceedance probability (EP) summary losses curve for reinsurance programs. Touchstone Re generates this table at the time of conversion of EP summary losses to ULF for further analyses in Touchstone Re. The system can run a single or multiple loss curves at a time. |
AIRExposureRe.dbo.tReinsuranceEPCurveAdjustmentPoint |
Stores information about the curve adjustment value generated at the time of conversion of EP to ULF files. Touchstone Re generates this table to store the adjusted EP curve data after converting the exceedance probability loss summary to the user loss file format for the selected reinsurance program. |
AIRExposureRe.dbo.tReinsuranceEPCurveSet |
Stores information about the input configuration of the exceedance probability (EP) summary loss curve. Touchstone Re generates this table to store the EP curve set information including the unique identifier for the curve, user-provided reinsurance curve name, loss applies to area, and the associated perils for each EP curve. In addition, Touchstone Re generates the following intermediate template tables in AIRWork (proprietary) database when you submit an EP to ULF conversion activity. After conversion, these template tables are no longer available in the database.
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AIRIndustry.dbo.TblIndustry2020 | Stores encoded industry exposure data for calendar year 2020. |
AIRProject.dbo.tAggregateAnalysisJapanCFLRatio |
Stores information about the reinsurance program option specified at the time of an aggregate loss analysis. AIR has updated the event sets to stay abreast with the government of Japan's decision to define areas by prefecture. AIR has enhanced the industry loss files to include events sets in the Industry Exposure Database (IED), added three new events for the historical catalog, revised policy conditions for residential and reinsurance terms, created the ability to select seismicity source for the event sets, and updated prefecture boundaries for the exposure and loss maps. |
AIRReference.dbo.tReinsuranceTakeUpRatesMapping |
Stores information about Take-up rates for industry loss and exposure data for a reinsurance program. Take-up rates are the percentage of insurable properties that are actually insured. The loss files packaged in Touchstone include total insurable loss for each modeled event. To derive insured loss, AIR estimates the percentage of risks covered by peril, by line of business, and by geographic location, then apply this estimate to the insurable loss values. These estimates are called take-up rates. Take-up rates can be entered manually in the Exposures screen, Market Shares tab or brought in from a UNICEDE file. |
AIRReference.dbo.tReinsuranceUNICEDEAreatagCountryXref | Stores information about area and country tags in the UNICEDE/2 specification for the reinsurance programs. |
AIRReference.dbo.tReinsuranceLobCategoryCode | Stores information about the line-of-business (LOB) and the corresponding category codes. |
Modified Tables
AIR has modified the following database tables for Touchstone Re 9.0:
Table | Description |
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AIRCompanyLoss.dbo.tCompanyLossCatalog |
Stores information on whether loss is disaggregated at the area or subarea or by line-of-business (LOB) level. AIR has added a new 'AreaDetail' column to the company loss catalog to identify the disaggregation of loss. |
AIR has implemented two new activity types for the exceedance probability(EP) and event loss to ULF features. When you initiate a job for converting an EP or ELT to ULF, Touchstone Re triggers the appropriate activity type code.
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AIRReference.dbo.tActivityTypeActivityStageXref |
AIR has implemented the PRE, PRO, and POST activity phases for the event-level losses to ULF and exceedance probability (EP) to ULF features.
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AIRResultRe.dbo
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AIR has implemented 'Day of Year' in loss tables, which is maintained in the AIRResultsRe database. For example, when a date is specified during a loss analysis, the loss tables stores the corresponding date in the 'DayID' column. This date is used to apply order of application of aggregate terms, and the distribution of events across each year in the catalog. AIR has made the following changes to several loss-specific tables:
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AIRIndustry.dbo.tReinsuranceIndustryRate | AIR has updated the premium industry rates for the pandemic peril. |
AIRUsersetting.dbo.tReinsuranceIndustryRate | AIR has updated additional premium rates for the pandemic peril. |
AIRReference.dbo.tReinsuranceLOB | AIR has added the 'LOB category code' column. This is to identify loss numbers for reinsurance programs by a specific line-of-business (LOB). |
Remove Tables
The following tables are no longer available in the database schema.
Database | Table |
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AIRIndustry | TblIndustry2015 |
AIRProject | tNonCatAnalysisOption |
AIRResultRe | tRRRR_NONCAT_AnnualEPSummary |
AIRResultRe | tRRRR_NONCAT_ByLayer |
AIRResultRe | tRRRR_NONCAT_ByContract |
AIRResultRe | tRRRR_NONCAT_ByReinsurance |
AIRResultRe | tRRRR_NONCAT_DimContract |
AIRResultRe | tRRRR_NONCAT_DimLayer |
AIRResultRe | tRRRR_NONCAT_DimLocation |
AIRResultRe | tRRRR_NONCAT_DimReinsurance |
AIRUsersetting | tCustomLossCostTemplateRule |
AIRUsersetting | tDefaultNonCatAnalysisOptin |
AIRUsersetting | tLossCostAdjustmentTemplateRule |
AIRReference | tNonCatTemplateRule |