Summary EP table

For catastrophe peril analyses, the Summary EP Table (exceedance probability) displays expected losses, average annual losses (AAL [EV], standard deviation (SD), tail value at risk (TVAR), and losses for specific points on the probability curve.

Administrative users define the points, where:

  • AAL (EV) is the manual annual expected loss ("expected value") that is determined by taking the sum of all expected losses for the simulation and dividing that sum by the number of years of the simulation.
  • SD is the standard deviation from the mean annual expected loss AAL(EV).

The Summary EP Table displays losses as annual aggregate losses (AAL)—the total loss across events for each simulated year, or as annual occurrence losses (OCC)—the largest loss for each simulated year.

Transpose

Select Switch axes to display data groups in columns instead of rows.

Note: When you switch axes for the Summary EP table, results for the AAL (EV) and SD perspectives are at the bottom of the table. You can also transpose the results of CAT XOL analyses.

Usage notes

  • If you ran an analysis with reinsurance treaties, you can view the Summary EP table by treaty. To do this, select Treaty in the View By area. This adds a new row to the table so that you can see all applicable perspectives, along with aggregate/occurrence (Agg/Occ) data and the various EP curve types. This table summarizes the distinctions between portfolio- and treaty-specific terms.
    Term Applicable to Definition
    Ground Up Portfolio The total loss without any policy conditions applied
    Treaty Ground Up Treaty The loss subject to a reinsurance treaty
    Gross Portfolio The total loss generated after the application of contract-level limits and deductibles (including layers and sublimits)
    Treaty Gross Treaty The reinsurance loss after the application of all treaty financial terms and conditions
  • If you ran the analysis on property exposures and saved the results by coverage and claims, you can view losses by total coverage or by individual coverage, and you can view the total claim count by clicking Claims. If you ran the analysis on workers' compensation exposures and saved the results by claims and injury type, you can view losses by total injuries or by individual injury types; select Claims to view the total injury count for the selected injury types.
  • If you ran a contract loss analysis and selected pre-layer gross as a loss perspective and selected Save Loss By > Layer, you can view the pre-layer gross results by selecting View By > Layer.
  • You can also view TVAR by coverage.