Known Issue 127
Under-recovered inuring loss when inuring program has a source program that has no loss for a given event.
Issue ID | 127 |
Summary | Under-recovered inuring loss when inuring program has a source program that has no loss for a given event. |
Description | In a series inuring structure in which the intermediate inuring program has a source program, the inuring benefit from the upstream (or child) program(s) is lost when the source program, and hence intermediate inuring program, has no loss for a given event. This does not occur if the intermediate inuring program uses any aggregate exposure or company loss set directly (as opposed to Source Program). |
Resolved in | Touchstone Re 11.0 |
Date posted | 9/20/2022 |
Software versions affected | 10.0 |
Feature set | Loss analysis |
Models | |
Potential for loss numbers impact | Yes |
Workaround | Avoid using source programs to feed inuring programs where possible. Replace the source program with a DLF. |