Specifying Catastrophe Peril Analysis Settings

The Analysis Settings diagnostic enables you to configure catastrophe peril analysis settings, such as selecting the event set and perils.

Note:

Administrators can create loss analysis templates to specify defaults for catastrophe peril analysis settings.

Procedure

  1. Create a new catastrophe peril analysis.
  2. Under Loss Diagnostics, click Analysis Settings.

    The Analysis Settings pane appears.

  3. Select the model:

    • AIR Default

    • User Model

  4. Select the desired region.

    Touchstone filters the event sets based on the region.

  5. Select the desired event set.
  6. Select the desired perils.
  7. [Optional] Apply an event set filter.
  8. Specify demand surge options.
  9. Specify the min-max deductible policy logic.
  10. Specify financial settings.
  11. [Optional] Specify flexibility settings.
  12. [Optional\ Select the Move Marine Craft Geocodes to Coast 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.