Creating a New Catastrophe Peril Analysis in Underwriting Contract Mode

Creating a new catastrophe peril analysis (Underwriting Contract Mode).

In Underwriting Contract Mode, you choose a single contract as the target for a catastrophe peril analysis.

Procedure

To create a new catastrophe peril analysis in Underwriting Contract Mode:

  1. Open the desired contract to view the Contract Summary Dashboard.
  2. In the navigation pane, click Detailed Loss.

    • If Touchstone has not yet run a Detailed Loss Analysis on this contract, the Detailed Loss Analysis pane appears.

    • If Touchstone has already performed a Detailed Loss Analysis on this contract, the results of the most recent Detailed Loss Analysis appear. In this case, click Analysis Options to configure a new catastrophe peril analysis for this contract.

    The New Detailed Loss Analysis pane appears.

  3. If necessary, select a loss analysis template in the Template field.

    Administrators create loss analysis templates to specify defaults for analysis settings.

  4. In the Model list, select the model set that you want to use when performing this catastrophe peril analysis.

    To use the AIR model(s), select AIR Default.

  5. In the Analysis Settings pane, select Catastrophe Peril Analysis.
  6. In the Loss Diagnostics area, select and configure each of the following diagnostics:
    OptionDescription

    Analysis Settings

    Configure analysis settings, such as selecting the event set.

    Reinsurance

    [Optional] Aassociate the contract with a reinsurance program and configure facultative reinsurance. Touchstone applies a reinsurance program only if data in the reinsurance program matches data in the contract.

    Output

    Configure how to save the loss results.

    Analysis Management

    Configure analysis-specific functions.
  7. In the Analysis Name field, leave the default name, which includes the contract ID and type of analysis, or enter a unique alphanumeric identifier.

    Entering some combination of the contract ID along with the analysis type enables you to find result sets quickly in the Activity Monitor.

  8. Click Run.

Results

The application adds the analysis to the Activity Monitor queue for processing when the required system resources are available and as soon as any specified scheduling and priority conditions are satisfied. If necessary, you can resubmit a job from the Activity Monitor.