You can perform a catastrophe peril analysis in Portfolio Mode or in Underwriting Contract Mode.

Creating a New Catastrophe Peril Analysis in Portfolio Mode

In Portfolio Mode, you can select multiple exposure views or contracts as the target for a catastrophe peril analysis.

To perform a catastrophe peril analysis in Portfolio Mode:

1.     Create a project or open an existing project.

2.     To perform an analysis on one or more exposure views, in the Project Data pane, highlight the exposure view or views you want to specify as the analysis target. (Alternatively, create a new exposure view.)

To perform an analysis on one or more contracts, open the exposure view  that includes the contract or contracts. If the Exposure Summary Dashboard appears, select Contract List,and then highlight the contracts you want to specify as the analysis target or targets

3.     Select Run Analysis and then select Detailed Loss.

The New Detailed Loss Analysis pane appears.

4.     Optionally, select a loss analysis template in the Template field.

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

5.     To include additional exposure views or contracts to run simultaneously in separate analyses, select them in the Analysis Target list.

6.     In the Model list, select the model set that you want to use when performing this catastrophe peril analysis. To use the AIR model(s), select AIR Default. To use an external model set, select External Model.

7.     Review the percent of non-geocoded exposure message.

If the percent of non-geocoded data is high, you may want to fix the data before running the analysis. Touchstone does not generate results for non-geocoded locations.

8.     In the Analysis Settings pane, select Catastrophe Peril Analysis.

9.     In the Loss Diagnostics area, select and configure each of the following diagnostics:

•       Analysis Settings: Configure analysis settings, such as selecting the event set.

•       Reinsurance: Optionally, associate each analysis target with a reinsurance program and configure facultative reinsurance. Touchstone applies a reinsurance program only if data in the reinsurance program matches data in the exposure view. For more information, see Applying Reinsurance Programs.

•       Output: Configure how to save the loss results.

•       Analysis Management: Configure analysis-specific functions.

10.  Optionally, in the Analysis Prefix field, enter a prefix to distinguish between analysis results when you run an analysis with multiple targets. Touchstone generates separate analysis results for each analysis target.

11.  In the Analysis Name field, if the analysis target is a single exposure view or contract, you can leave the default, which is the exposure view name or the contract ID and the type of analysis, or you can enter a unique alphanumeric identifier. If the analysis target includes multiple exposure views or contracts, you cannot change the default name, which is "Auto name ('n' items)".

12.  Click Run.

The application adds the analysis to the Activity Monitor queue for processing when the required system resources are available and as soon as any specified scheduling and priority conditions are satisfied. Click here for information about resubmitting the job from the Activity Monitor.

Creating a New Catastrophe Peril Analysis in Underwriting Contract Mode

In Underwriting Contract Mode, you choose a single contract as the target for a catastrophe peril analysis.

To perform a catastrophe peril analysis in Underwriting Contract Mode:

1.     Open the desired contract to view the Contract Summary Dashboard.

2.     In the navigation pane, click Detailed Loss.

If Touchstone has not yet run a Detailed Loss Analysis on this contract, the Detailed Loss Analysis pane appears.

Alternately, if Touchstone has already performed a Detailed Loss Analysis on this contract, the results of the most recent Detailed Loss Analysis appear. In this case, click Analysis Options to configure a new catastrophe peril analysis for this contract. The New Detailed Loss Analysis pane appears.

3.     If necessary, select a loss analysis template in the Template field.

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

4.     In the Model list, select the model set that you want to use when performing this catastrophe peril analysis.

To use the AIR model(s), select AIR Default. To use an external model set, select External Model.

5.     In the Analysis Settings pane, select Catastrophe Peril Analysis.

6.     In the Loss Diagnostics area, select and configure each of the following diagnostics:

•       Analysis Settings: Configure analysis settings, such as selecting the event set.

•       Reinsurance: Optionally, associate the contract with a reinsurance program and configure facultative reinsurance. Touchstone applies a reinsurance program only if data in the reinsurance program matches data in the contract. For more information, see Applying Reinsurance Programs.

•       Output: Enables you to configure how to save the loss results.

•       Analysis Management: Enables you to configure analysis-specific functions.

7.     In the Analysis Name field, leave the default name, which includes the contract ID and the type of analysis, or enter a unique alphanumeric identifier.

8.     Click Run.

The application adds the analysis to the Activity Monitor queue for processing when the required system resources are available and as soon as any specified scheduling and priority conditions are satisfied. Click here for information about resubmitting the job from the Activity Monitor.