| Issue ID |
149 |
| Summary |
The 2024 UNICEDE/2
Take-up Rate Import files posted on the Client Portal in conjunction
with the v12.0.0 release contained some files that did not reflect
the correct application of industry exposure change factors. The
pre-installed company, "Verisk 2023 Industry Exposure
(Touchstone Re12.0/2024)" was also affected by this issue. |
| Description |
The 2024_UNICEDE2_Take-up_Rates_INDEXED.zip contained some files that did not
reflect the correct application of industry exposure change factors.
The pre-installed company, "Verisk 2023 Industry Exposure
(Touchstone Re
12.0/2024)" was also affected by this issue as the indexed insured
and insurable exposure sets reflected some misapplied industry
exposure change factors. |
| Resolved in |
Touchstone(Re)
12.2.1 Hot Fix |
| Date posted |
7/29/24 |
| Software versions affected |
12.0 |
| Feature set |
Loss analysis |
| Models |
|
| Potential for loss numbers impact |
Yes |
| Workaround |
Until updated ILF's are released, when analyzing Italy flood sums insured apply an exposure
adjustment factor of 1.6 for the Residential Contents line of business in
Touchstone Re exposure sets.
When generating industry insured loss estimates for flood, factor up
user-specified market shares percentages for Residential Contents by 60%. |
