Configuring Geospatial Analyses

You can analyze property exposures or workers' compensation data.

When you analyze property exposures, you can

•       Accumulate exposure attributes and exposed limits, enabling you to enhance the analysis results with values from your imported exposure data, such as the number of risks, location limits and deductibles, and exposed gross values.

•       Accumulate the exposure values by geographic areas (zones), by areas defined by rings, by custom or hazard boundaries, by AIR event footprints (historical or world scenarios, including Lloyd's Realistic Disaster Scenarios (RDS), Extreme Disaster Scenarios (EDS), and government scenarios (GS), or by custom event footprints. You can map exposures based on their proximity to high-risk areas that are prone to perils such as flooding, earthquakes, and tropical cyclones, and you can determine the distance to potential hazards, such as fault lines, coastlines, or the storm track or epicenter of specific events.

•       Include several spatial outputs with the results of the analysis by including: static and custom hazard layers; the results of detailed loss analyses that were run against the analysis target; and primary and secondary risk characteristics of your exposure data.

•       Configure financial settings, such as disaggregation, and choose whether to apply reinsurance programs.

A Geospatial Analysis enhances the risk assessment process, enabling you to explore and answer various questions: Where are my exposures accumulated? What are hazards for new underwriting in a particular area? Is there an opportunity to write new policies in a particular area? What are my current exposed limits? How does an area's risk contribute to my overall portfolio? What is the total count of insured employees?

Configuring and running a Geospatial Analysis on a single exposure view involves:

•          Creating a new Geospatial Analysis, where you select the exposure type (Property Exposure or Workers' Compensation)

•          Specifying the values to analyze

•          Specifying what to accumulate values by (zones, rings, etc.)

•          Specifying spatial outputs (optional)

•          Applying reinsurance (optional)

•          Enabling dynamic results (optional, unless you select spatial outputs)

•          Specifying analysis management settings, such as currency & rate and analysis scheduling

•          Naming and running geospatial analysis

•          Viewing the analysis results

AIR recommends that you always review your imported exposure data before configuring and running a Geospatial Analysis.