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

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

No

Select the event set to use for this analysis. Click to view event set details.

Yes

Select the check box next to 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.

Yes

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

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). Refer to Specify demand surge options for instructions. 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.

You can set the default in Administration Console > Loss Defaults: Min-Max Deductible Policy.

No

Specifies a series of financial settings for this analysis.

Yes

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.

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. If you want to add or edit a custom damage function, open Model Builder by clicking .

Yes

Enables you to select the custom frequency catalog that you want to use.

To add or edit a custom catalog, open Model Builder by clicking . Usage considerations include:

• You cannot select multiple custom frequency catalogs that belong to the same model.

• An analysis that you run with a custom frequency catalog excludes CLF/ULF output.

• This feature applies only to AIR models; you cannot run it with custom user models.

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