Known Issue 154
The default company Verisk 2024 Industry Exposure (Touchstone Re 13.0/2025) has incorrect data for South Korea wind, United Kingdom flood, U.S. earthquake workers comp, and Switzerland (all perils).
| Issue ID | 154 |
| Summary | The default company Verisk 2024 Industry Exposure (Touchstone Re 13.0/2025) has incorrect data for South Korea wind, United Kingdom flood, U.S. earthquake workers comp, and Switzerland (all perils). |
| Description | (a) South Korea Wind and UK Flood: In both the Indexed Insured (Take-up Rates) and Indexed Insurable exposure sets, the exposure data is incorrect (some LOBs are missing, and the LOBs that are populated have incorrect rates). The take-up rates files (Excel and UNICEDE) posted on the client portal contain the correct data. (b) U.S. earthquake workers comp In the Indexed Insured (Take-up Rates) exposure set, the U.S. earthquake workers comp LOB contains the previous year's take-up rates with the latest index factors applied. In the previous year's company, no take-up rates for workers comp were included. This will only impact users with U.S. workers comp in their license. The Indexed Insurable exposure is correct. The take-up rates files (Excel and UNICEDE) posted on the Client Portal contain the correct data. (c) Switzerland All Perils: In the Indexed Insured (Take-up Rates) exposure set, the take-up rates are incorrect for 4 CRESTAs: Thurgau, Ticino, Valais / Wallis, and Vaud. The Indexed Insurable exposure is correct. The take-up rates files (Excel and UNICEDE) on the client portal have been corrected; the issue was present in both Excel files and the Indexed UNICEDE files. |
| Resolved in | |
| Date posted | 6/13/25 |
| Software versions affected | 13.0 |
| Feature set | Loss analysis |
| Models | |
| Potential for loss numbers impact | Yes |
| Workaround | Correct indexed take-up rate files for South
Korea, the UK, and Switzerland have been posted to the Client Portal
on the 2025 UNICEDE/2 Take-up Rate
Import page. For U.S. earthquake workers comp (WC),
please contact Touchstone Re Support and a corrected indexed take-up rate UNICEDE/2 file can be provided,
covering all U.S. indexed take-up rates.(Importing the WC file from
the client portal alone with overwrite will delete the other lines
of business.) Import the files into the indexed insured (take-up
rates) exposure set using the "overwrite" option.
To update the indexed insurable exposure set:
|