Analysis Settings Pane (Loss)

The model set to use when performing this analysis:

• To use AIR model(s), leave or select AIR Default.

• To use a custom user model, select User Model and then select the custom model's event set.

Yes

The region to use for this analysis. Touchstone filters the list of events based on the selected region.

No

The event set to use for this analysis. Click to view event set details.

Yes

The perils and/or sub-perils to include in this analysis. Click next to a peril or sub-peril to configure additional, peril-specific settings.

In Touchstone 2021, the AIR Severe Thunderstorm Model for the United States allows you to select hail, straight-line winds, and tornado as separate sub-perils.

Yes

Indicates whether you have applied event set filters for this analysis. To apply an event set filter, click .

To view, edit, or delete an applied event set filter, click event set filter and then view, edit, or delete the rules, locations, and events as needed.

Yes

To include demand surge, select With and then click (Select custom curve). If you do not want to include demand surge, select Without.

Yes

Enables you to apply either former or revised min-max deductible policy logic.

No

Specifies whether you want to apply correlation factors between loss distributions during this catastrophe peril analysis. Select On or Off.

Yes

Specifies whether you want Touchstone to perform disaggregation during this analysis. Select On or Off.

Yes

Specifies whether you want Touchstone to apply average properties during this analysis. Select On or Off.

Yes

Specifies the action that you want Touchstone to perform upon encountering invalid construction/occupancy class code pairs during this analysis. Select one of the following options:

Ignore

The loss engine omits from the analysis all locations that have construction and occupancy combinations that are invalid based on region/country, model, and/or peril. In this case, Touchstone does not produce loss for these locations. To identify locations that were not included in a loss analysis, check the analysis log.

Use System Default

During a Detailed Loss Analysis, Touchstone remaps invalid construction and occupancy code combinations using one or more of the following construction and occupancy class codes, as applicable. When you select this option, Touchstone uses this option for each model individually within the analysis.

• Unknown construction (100)

• General commercial occupancy (311)

Yes

Specifies the behavior that you want Touchstone to perform with respect to location terms for residential contracts. Select one of the following options:

AIR default behavior

Touchstone applies limits first and then deductibles.

Deductibles before limits

Touchstone applies deductibles first and then limits. For commercial contracts, Touchstone always applies deductibles first.

Yes

Specifies whether to apply a loss modification factor for this catastrophe peril analysis. To apply a loss modification factor for this analysis, select the desired loss modification factor. If you do not want to apply a loss modification factor, select None.

Yes

Select the custom damage function that you want to use. To add or edit a custom damage function, open Model Builder by clicking .

This field appears only if you license it separately from Model Builder.

Yes

Specifies whether you want to select a baseline analysis to use when running this catastrophe peril analysis. You can select an existing loss analysis as the baseline analysis. This option provides significant savings in amount of runtime and in database space, as the loss engine does not have to run AIR's original view again. To use a baseline analysis when running this analysis, select the desired baseline analysis.

No

Specifies whether you want Touchstone to move marine craft geocodes to the appropriate coast during this catastrophe peril analysis. To move marine craft geocodes to the coast during this analysis, select this check box. If you do not want Touchstone to move marine craft geocodes to the coast during this analysis, clear this check box.

Since storm surge is the main driver of loss for pleasure boats and yachts, and the location information for those craft may be inland, Touchstone can move marine craft geocodes to the coastline during a loss analysis. This option can provide a better estimate of storm surge losses when the exact location of the marine craft is not available. To determine the geocodes to be moved, Touchstone uses the median storm surge losses from AIR's Industry Exposure Database at the U.S. ZIP Code and postal code levels. If the locations are coded with construction types 265, 266, or 267, and this option is selected, the geocodes are moved regardless of the geocode match level. Touchstone does not update the exposure data with the new geocodes.

Selecting this option can result in higher or lower losses.

Yes

Specifies whether you want to run a non-catastrophe peril analysis. To run a non-catastrophe peril analysis, select this check box and then configure the associated non-catastrophe peril analysis fields as desired. If you do not want to run a non-catastrophe peril analysis, clear this check box.

To specify Touchstone behaviors for unknown PPC and fire sprinkler characteristics during this non-catastrophe peril analysis, click Advanced Settings and specify the desired settings.

Yes

Specifies a series of ground up loss-related settings for this non-catastrophe peril analysis.

Yes

Specifies whether you want Touchstone to use the ISO loss cost calculator for this non-catastrophe peril analysis. You must select either this setting or the Use Custom Calculator setting.

If you select Use ISO Loss Cost Calculator, you must also select the desired Peril Groups setting.

For more information related to using the ISO loss cost calculator during a non-catastrophe peril analysis, see the "Selecting the Method of Calculating the Ground-up Losses", "Selecting the Public Protection Class", and "Configuring Fire Sprinklers" Help topics.

Yes

Specifies which peril group or groups you want Touchstone to use during this non-catastrophe peril analysis. Select one of the following options:

Basic Group I

Touchstone applies ISO Basic Group I commercial property loss costs, including fire, lightning, explosion, vandalism, and sprinkler leakage.

Special Causes of Loss

Touchstone applies an adjusted homeowner's loss cost, including theft; weight of snow, ice, or sleet; falling objects; and water damage.

Both

Touchstone applies both ISO Basic Group I loss costs and special causes of loss.

This setting affects calculations on commercial properties only.

Yes

Specifies whether you want Touchstone to use a custom loss cost calculator for this non-catastrophe peril analysis. You must select either this setting or the Use ISO Loss Cost Calculator setting. If you want to use a custom loss cost calculator, select Use Custom Calculator and then select the desired custom calculator in the corresponding list.

If you have administrative privileges, you can click to create or modify custom loss cost templates.

Yes

Specifies whether you want to apply a loss cost adjustment factor for this non-catastrophe peril analysis. To apply a loss cost adjustment factor for this analysis, select the desired loss cost adjustment factor. If you do not want to apply a loss cost adjustment factor, select None.

If you have administrative privileges, you can click to create or modify loss cost adjustment factor templates.

Yes

Specifies how you want Touchstone to handle existing ground-up loss values during this non-catastrophe peril analysis. Select one of the following options:

• Preserve existing values

• Overwrite existing values

Yes

Specifies whether you want Touchstone to distribute non-catastrophe primary expected losses into appropriate excess layers for this non-catastrophe peril analysis. To distribute losses to excess layers, select this check box and then configure the related settings. For detailed information about these settings, see the "Distributing Losses to Excess Layers" Help topic. If you do not want to distribute losses to excess layers, clear this check box.

Yes