Known Issue 81

When using an Industry Minimum or Industry Maximum trigger for a program covering U.S. flood losses, take up rate assumptions are not reflected. Industry trigger will be based on insurable U.S. flood loss.

Issue ID 81
Summary When using an Industry Minimum or Industry Maximum trigger for a program covering U.S. flood losses, take up rate assumptions are not reflected. Industry trigger will be based on insurable U.S. flood loss.
Description When using an Industry Minimum or Industry Maximum trigger for a program covering U.S. flood losses, take up rate assumptions are not reflected. Industry trigger will be based on insurable U.S. flood loss.
Resolved in
Date posted 7/10/2020
Software versions affected 13.0 12.0, 11.5, 11.0, 10.0, 9.0
Feature set Loss analysis
Models
Potential for loss numbers impact Yes
Workaround Import U.S. flood take up rate UNICEDE/2 file and run analysis with Company Minimum or Maximum trigger instead of industry trigger.