Creating a New Non Catastrophe Peril Analysis

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

Creating a New Non-Catastrophe Peril Analysis in Portfolio Mode

In Portfolio Mode, you choose one or more exposure views or contracts as the target for a non-catastrophe peril analysis.

To perform a non-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.

3.     Click Run Analysis and then click Detailed Loss.

The New Detailed Loss Analysis pane appears.

4.     If necessary, 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, select them in the Analysis Target list.

6.     Note the percent of non-geocoded exposure message.

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

7.     In the Analysis Settings pane, select Non Catastrophe Peril Analysis.

8.     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 analysis targets 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 information about how Touchstone applies reinsurance terms, see Applying Reinsurance Programs.

•       Output: Configure how to save the loss results.

•       Analysis Management: Configure analysis-specific functions.

9.     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)".

10.  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 Non-Catastrophe Peril Analysis in Underwriting Contract Mode

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

To perform a non-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 Analysison this contract, the New 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 Analysis Settings pane, select Non Catastrophe Peril Analysis.

5.     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 analysis targets 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 information about how Touchstone applies reinsurance terms, see Applying Reinsurance Programs.

•       Output: Configure how to save the loss results.

•       Analysis Management: Configure analysis-specific functions.

6.     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.

7.     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.