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About loss analyses
Touchstone enables you to model catastrophic (CAT) events to estimate property and workers' compensation losses.
About the detailed loss analysis module
Use the detailed loss analysis module to run a detailed loss analysis on the same exposure data that you imported for catastrophe modeling.
Configuring detailed loss analyses
These are the basic tasks for configuring detailed loss analyses.
Set detailed loss analysis settings
In Analysis Settings , configure model, region, event sets, perils, demand surge, financial, and flexibility settings.

Using Touchstone online Help
You can access the top-level or context-sensitive Touchstone online help from within the application or from the Client Portal. You can then search for content, bookmark pages, and generate output to other formats.
Import data from external sources
You can import exposure data, map layers, projects, and reinsurance packages from external sources into Touchstone databases.
Projects and exposure views
Projects are a useful way to organize your data. They contain exposure views that contain the data that you want to focus on.
Geospatial analysis
Geospatial analysis enables you to perform a deterministic risk analysis with your own view of risk on accumulations of property exposures and workers' compensation information in given areas exposed to natural and man-made catastrophes.
Exposure data validation
Verisk provides a reference containing information about Touchstone exposure data.
Data Quality analysis
The most effective way to assess and enhance portfolio-level or contract-level catastrophe exposure data is to use Touchstone's Data Quality diagnostics. These diagnostics enable you to determine the strengths and weaknesses of the exposure data you are using for analyses and supplement that data when it is missing or weak.
Hazard analysis
Hazard analysis enable you to identify the relevant catastrophe hazards for locations in your exposure data.
About loss analyses
Touchstone enables you to model catastrophic (CAT) events to estimate property and workers' compensation losses.
- About the detailed loss analysis module
  Use the detailed loss analysis module to run a detailed loss analysis on the same exposure data that you imported for catastrophe modeling.
  - Configuring detailed loss analyses
    These are the basic tasks for configuring detailed loss analyses.
    - Create a new detailed loss analysis
      You can easily perform a detailed loss analysis.
    - Configure a deterministic loss analysis
      You can configure weapons and locations for a deterministic loss analysis.
    - Set detailed loss analysis settings
      In Analysis Settings , configure model, region, event sets, perils, demand surge, financial, and flexibility settings.
      - Select an event set
        In Analysis Settings, select the appropriate event set for the exposures that you are analyzing. The event sets that are included in the list depend on the countries and perils licensed.
    - Selecting Perils
    - Apply an event set filter
      Applying an event set filter enables you to run a standard loss analysis for a user-defined subset of events in the event set that you have selected.
    - Specify demand surge options
      Reflect the increased cost of labor and materials following a major catastrophe by setting the Demand Surge options for loss results.
    - About configuring financial settings
      Configure a detailed loss analysis to use various financial settings.
    - About flexibility settings
      You can perform sensitivity analyses by applying a loss modification factor or factors to detailed loss analyses.
    - Apply reinsurance programs
      Configure detailed loss analyses to apply treaty terms in associated reinsurance programs to the loss analyses results.
    - Specify output options
      Set output options to define the information to include in loss analysis results.
    - Specify analysis management settings
      You can specify various analysis management settings, such as the result database, before running a loss analysis or a geospatial analysis.
    - Edit job schedule and priority
      When an activity status is "Scheduled" or "Queued", you can edit it in the Activity Monitor.
  - Working with loss analysis results
  - Reference: Detailed loss analysis
- Loss Group analysis
  A Loss Group analysis enables you to combine two or more sets of loss results from different analyses into a single loss view, or group, which is then available for use as input to subsequent processes or analyses.
- CAT XOL analysis
  A catastrophe excess of loss reinsurance program (CAT XOL) indemnifies the ceding company for that portion of the loss that exceeds the limit of its own retention per event.
- Marginal impact analysis
  A marginal impact analysis enables you to view the effect that a specific loss results set (the target or new portfolio/contract) has on another loss results set (the reference portfolio).
- User model management
  Use User Model Management to build custom non-Verisk models and seamlessly integrate them into Touchstone.
- Event set management
  Your Touchstone Re installation includes event set files for each peril and region licensed by your company.
- Configuring a loss analysis with a custom model
- Analysis Settings pane (Loss)
  Use this pane to configure catastrophe analysis settings.
Reinsurance
The Reinsurance Program Manager enables you to create, import, and manage reinsurance programs.
Touchstone data export types
Touchstone enables you to export different types of data.
Activity Monitor
The Activity Monitor displays the status of all activities.
Managing data sources
Use Data Source Management to manage Touchstone databases.
User model management
Use User Model Management to build custom non-Verisk models and seamlessly integrate them into Touchstone.
Model Builder
Administration Console
User interface
Reference: Common Help topics

Set detailed loss analysis settings

In Analysis Settings , configure model, region, event sets, perils, demand surge, financial, and flexibility settings.

Administrators can create loss analysis templates to specify defaults for detailed loss analysis settings.

Verisk provides two loss analysis templates: AIR Default Loss Template and Florida Rate Filing Analysis template. The latter template is used to run analyses only with the settings required by FLOIR (Florida Office of Insurance Regulation) for rate making. Some settings available to other analyses are not available in this template. For example, you cannot select a model and you can only select one of two Florida regulatory event sets. You can only select the Wind peril and cannot select event set filters, financial settings, or flexibility.

Procedure

Create a new detailed loss analysis.
Under Loss Diagnostics, click Analysis Settings.
The Analysis Settings pane appears.
Select the model:
- AIR Default
- User Model
Select the region.
Touchstone filters the event sets based on the region.
Select the event set.
Select the perils.
[Optional] Apply an event set filter.
Specify demand surge options.
Specify financial settings.
[Optional] Specify flexibility settings.
[Optional] Select the Move Marine Craft Geocodes to Coast check box.
Since storm surge is the main driver of loss for pleasure boats and yachts, and the location information for those craft may be inland, Touchstone can move marine craft geocodes to the coastline during a loss analysis. This option can provide a better estimate of storm surge losses when the exact location of the marine craft is not available. To determine the geocodes to be moved, Touchstone uses the median storm surge losses from our Industry Exposure Database at the U.S. ZIP Code and postal code levels. If the locations are coded with construction types 265, 266, or 267, and this option is selected, the geocodes are moved regardless of the geocode match level. Touchstone does not update the exposure data with the new geocodes. Selecting this option can result in higher or lower losses.