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. |