Peril Options
Peril options supported by Touchstone.
Touchstone provides a series of peril options. The following sections list the peril options in the user interface and the peril codes that you specify when importing exposure data into Touchstone:
Peril Options in the Touchstone User Interface
The following table lists the peril options that Touchstone provides in the user interface. The perils that you see depend on your version of Touchstone.
|
Earthquake |
Tropical Cyclone |
Severe Storm |
Other Perils |
|---|---|---|---|
|
Earthquake Shake (EQ) |
Wind (TC) |
Severe Thunderstorm (ST) |
Inland Flood (IF) |
|
Fire Following (FF) |
Storm Surge (SU) |
Winter Storm (WS) |
Wildfire/Bushfire (WF) |
|
Sprinkler Leakage (SL) |
Precipitation Flood (PF) |
Terrorism (TR) |
|
|
Landslide (LS) |
Coastal Flood (CF) |
||
|
Tsunami (TS) |
NonCat (NC) (Non-catastrophe) |
||
|
Liquefaction (LQ) |
Touchstone Peril Codes for Import
The following table lists the three-character peril codes used to import exposure data into Touchstone:
|
Peril Code |
Perils |
|---|---|
|
PAL |
All licensed perils |
|
PEA |
Earthquake perils (shake, fire, sprinkler leakage, tsunami, liquefaction, and landslide) and wildfire/bushfire. Note:
The landslide peril applies only for CSV imports. |
|
PEF |
Fire (wildfire/bushfire, fire following earthquake) |
|
PES |
Earthquake shake only |
|
PFF |
Fire following only |
|
PFL |
Inland flood |
|
PLQ |
Liquefaction |
|
PLS |
Landslide |
|
PNC |
Non-catastrophe |
|
PPH |
Precipitation flood |
|
PSH |
Hurricane storm surge or coastal flood |
|
PSL |
Earthquake sprinkler leakage only |
|
PTR |
Terrorism |
|
PTS |
Tsunami |
|
PWA |
All wind perils (tropical cyclone, severe storm, and winter storm) |
|
PWB |
Wildfire/bushfire only |
|
PWF |
All wind and fire following earthquake perils, and wildfire/bushfire |
|
PWH |
Tropical cyclone only |
|
PWT |
Severe thunderstorm (hail, tornado, and straight line wind) |
|
PWW |
Winter storm |
|
PWX |
Severe storm (wind excluding tropical cyclone). Will be appended to PWH exposures for the 22 countries where Extratropical Cyclone and Severe Thunderstorm perils are supported. |
Application of Storm Surge and Precipitation Flood
Touchstone applies storm surge and precipitation flood differently depending on the following two conditions:
-
Whether you code your contract and/or location data specifically to include the storm surge peril (PSH or PAL - all licensed perils) or the precipitation flood peril (PPH or PAL - all licensed perils) when you import or add this data for a contract or location.
-
Whether you enable Storm Surge or Precipitation Flood in the Perils area in the loss analysis settings when you configure a Detailed Loss Analysis.
The combination of each of the options for these two conditions results in the following four scenarios:
The options in the following table do not apply to the Precipitation Flood sub-peril of the AIR Hurricane Model for the United States.
|
Contract/Location Coded for Storm Surge Peril (PSH or PAL) / Precipitation Flood Peril (PPH or PAL)? |
Storm Surge / Precipitation Flood Check Box in Detailed Loss Analysis Configuration Enabled? |
Result |
|---|---|---|
|
Yes |
No |
Touchstone does not include any storm surge / precipitation flood losses. |
|
Yes |
Yes |
Touchstone runs the storm surge / precipitation flood model and includes 100% of storm surge / precipitation flood losses in the analysis results. |
|
No |
No |
Touchstone does not include any storm surge / precipitation flood losses. |
|
No |
Yes |
Touchstone runs the storm surge / precipitation flood model and adds the percentage of storm surge / precipitation flood losses, as specified in the Storm Surge dialog box or Precipitation Flood Options dialog box, to the wind losses in the analysis results. Note:
If the Storm Surge and Precipitation Flood sub-perils are not explicitly coded in your exposure data, you must select the Wind peril when configuring the loss analysis. You cannot get surge or precipitation flood leakage losses independently of Wind losses. |
If a contract or location is not specifically covered for storm surge or precipitation flood, you may choose to configure a Detailed Loss Analysis to include a percentage of storm surge or precipitation flood losses by line of business for the following reasons:
-
You may choose to assume that you will pay some storm surge or precipitation flood losses, even if your policies do not specifically cover this peril. This condition is called "leakage" and typically applies to residential policies.
-
You may not have the precise details that specify exactly which perils every policy covers. Therefore, you may want to assume that a certain percentage of your risks have storm surge or precipitation flood coverage. This condition typically applies to commercial policies or aggregate data.