Known Issue 392
Loss Modification factors do not apply on expected lines when the rules include a single peril or combination of more than one peril in the template with multi-peril coded exposure.
Issue ID | 392 |
Summary | Loss Modification factors do not apply on expected lines when the rules include a single peril or combination of more than one peril in the template with multi-peril coded exposure. |
Description | When a Loss Modification template contains exposure-based rules and/or event based rules that contains single peril or more than one peril, the factors do not apply appropriately for the latter peril (in case of more than one peril rule). This issue is observed with multi-peril coded exposure and with Regional (E.g.,10K JP) as well as World event sets.(10K WAP). |
Resolved in | Touchstone 2024 (12.0) |
Date posted | 4/15/2024 |
Software versions affected | 11.5, 11.2, 11.0 |
Feature set | Detailed loss |
Models | |
Potential for loss numbers impact | Yes |
Workaround | User can define the exposure rules for each peril separately in Loss Modification Template in the following examples. |