Touchstone Flashcards
Detailed modelling platform
Touchstone
Reinsurance modelling and portfolio management platform
Touchstone re
Touchstone can do insurance portfolio management and
Pricing individual contracts
Touchstone re can perform
Treaty portfolio management
Pricing individual treaty reins
Group portfolio management
Inputs to Touchstone
Company detailed exposures
Industry detailed exposures
Outputs from Touchstone
Company specific Loss Files CLF
Industry Loss File ILF
UNICEDE/2
Feature in Touchstone to import data
Import express
Data formats to import data in Touchstone
CSV
Cede exposure database
EDM
Collection of contracts and associated locations
Exposure set
Created during import process
Exposure set
A way of diving exposure data within an exposure database
Exposure set
Workspace for the user - run analysis, view results, interact with exposures, create reinsurance structures
Project
Required to perform an analysis on your exposure
Exposure view
Used to create supersets or subsets of exposure data by referencing single or multiple exposure sets from across single or multiple exposure databases
Exposure view
Segregate exposure data, projects and results
Business units
Catalog peril types
EQ- 5
TC- storm surge, wind, precipitation flood
SS- ST, WS
Other perils - inland floor, wild/ bush fire
TC - superset of standard catalog
Warm sea surface temperature conditioned catalog (WSST)
Account for increase in cost of supplies post event due to increase in demand
Set demand surge to with/ without in analysis settings
Import list of years or events directly into the software
Event set filter
Financial settings in analysis settings
Correlation
Disaggregation
Average properties
Invalid con/Occ pairs
Apply location terms for residential contracts
Choose which order to apply the terms Residential = apply limits first, then apply deductible Commercial = apply deductible first then limits
Apply location terms for residential contracts
Correlated risk: mean event loss is unchanged but increasing correlation means
Increase in uncertainty
Intrapolicy correlation
Correlation among locations within a policy
Interpolicy correlation
Correlation among polices in a portfolio
Process of distributing Lower geographic resolution (aggregate) location data to a higher resolution using industry weights by line of business
Disaggregation
Location weights by LOB for finer geographical resolution are taken from
AIR IED industry exposure database
Allows for abridged sensitivity testing and comparison of new analysis to existing ones
Baseline analysis
Export tool
Export express
