Selecting Values to Analyze

While a Geospatial Analysis includes most of your property exposure data by default, you can modify the analysis results by selecting various risk-based property exposure attributes, location limits and deductibles, financial terms, and Workers' Compensation settings to include with the results. These values are based on attributes of your property exposure and Workers' Compensation data that are not included, by default, in the results.

Procedure

To select values to analyze:

  1. Select the analysis type (step 1).
  2. Configure the analysis (step 2).
  3. Navigate to Step 3 - Modify Settings and Reinsurance and select the Values to Analyze tab.
  4. In the Risk-based Values area, select the values to use to enhance the results. The defaults depend on the selected exposure types or types.

    • Replacement Values: Sum of replacement values for the locations in the exposure data, and of individual replacement values for Building (Coverage A), Other Structures (Coverage B), Contents (Coverage C), and Time Element (Coverage D). This option is not available if you select a Workers' Compensation-only exposure type; instead, the "Number of Employees" option is available.

    • Number of Locations: Number of latitude/longitude locations included in the exposure data.

    • Number of Risks: Number of risks for a given location record.

    • Number of Employees: Number of employees for a given location record. This applies to Workers' Compensation-only and to combined Workers' Compensation and Property analyses.
  5. In the Limits and Deductibles area, select Locations if you want to accumulate limits and deductibles for each location.

    You can use the accumulated values when creating an advanced chart or when creating table Widgets. If the exposure data includes limits and deductibles, the Limit Type and Deductible Type categories are included in the Data Selector. When you select those categories, the associated values appear in the chart or table widget.

    You run a zone analysis for California with the Locations field selected. In the advanced widget, you drag the Deductible Type and Limit Type categories to the Rows area (bottom left) in the Data Selector widget and the Exposed Gross category to the Measures area (bottom right).

  6. In the Financial Terms area, select the terms to use to enhance the results:

    • Exposed Ground Up: Value of the property exposures before financial terms are applied. This is equal to the total replacement value (TRV) multiplied by the damage ratio (percent).

    • Exposed Gross: Value of the property exposures after financial terms, such as deductibles, are applied.

    • Exposed Net of Pre-CAT: Value of the property exposures after financial terms, facultative reinsurance, and all risk-based reinsurance treaties are applied.

    • Exposed Post-CAT Net: Value of the property exposures after all insurance and reinsurance treaties, including CAT Excess of Loss (XOL) treaties, are applied.

  7. If you are running the analysis with Workers' Compensation data, select the injury type (Minor, Moderate, Major or Fatal, and the time of day/shift (Day, Evening, or Night).
  8. In the Save By area, note that the options (Contract, Layers, and Locations) are selected by default and cannot, currently, be changed.
  9. Select the Disaggregation setting.

    The default is "On", for automatic disaggregation. (This is different for Loss Analysis, which also uses disagreggation.)

  10. Select the Residential contracts preference, AIR default behavior or Deductibles before limits.
  11. Select Enable Dynamic Results if you want to interact with analysis results using widgets. This option is not available for a combined exposure analysis.

    You can filter results, interact with map layers, and create widgets to try "what if" scenarios. By default, the analysis results will include various primary characteristics, such as construction and occupancy codes.

  12. Select Secondary Characteristics to include secondary risk characteristics, such as building, roof, and wall details.