|
|
|
|
What's New in Touchstone 6.0 |
Information specific to this release is summarized on the Touchstone 6.0 Release Documentation page on AIR's Client Portal. For related information, also on the Client Portal, see the Hot Fixes and Touchstone Known Issues pages, both of which are periodically updated. You may want to be notified automatically of some changes. You do this in your Client Portal subscription: Client Portal > Profile > My Profile > Manage Subscriptions > Client-Confidential Content > Documentation and Software Downloads
Touchstone 6.0 includes enhancements in the following areas:
• Models
• Seamless Integration with Touchstone Re
• Improved Management of Projects and Data Transfer Between Companies
• AIR Typhoon Model for Mainland China, model 65, which models the risk from both wind and precipitation flood.
• The AIR Extratropical Cyclone Model for Europe provides major enhancements across the model, including expansion of the modeled countries and support for several new risk types, including large industrial facilities, wind turbines, marine cargo, and builder's risk.
• AIR introduces the AIR Severe Thunderstorm Model for Europe, which models the sub-perils straight-line wind and hail using the exact elliptical footprint of each event rather than a grid.
• The AIR Earthquake Model for Europe introduces updates to expand supported building types (including industrial facilities), marine risks, and construction/erection risks.
• Touchstone now offers the AIR Inland Flood Model for Southeast Europe, which models the effects of on-plain and off-plain flooding on properties in Albania, Macedonia, and Serbia
• Touchstone now offers the AIR Earthquake Model for Southeast Europe, which models the effects of ground shake damage on properties in Albania, Macedonia, and Serbia.
• AIR introduces the AIR Wildfire Model for the United States, which simulated the behavior of all wildfires greater than 100 acres in size. The model covers 13 Western states.
• The AIR Flood Model for the United States includes updates to the automobile damage functions, accounting for recent, reported losses for extreme, short-duration precipitation disasters.
• The AIR U.S. Hurricane Model for Offshore Assets includes updates that account for updates to the AIR Industry Exposure Database for the United States, as well as updates to market prices of oil and gas.
• Touchstone will append the PWX peril code to PWH exposures for the 22 countries where the Extratropical Cyclone (ETC) and Severe Thunderstorm (ST) models are supported.
Touchstone introduces zonal-based analytics for Detailed Loss modeling. This enables you to create zones based on geographic regions and use them for loss aggregation. You can use the zonal analysis results in CATXOL, Loss Group, and Marginal Impact analyses. You can:
• Create zone sets: You can create zone sets that comprise one or more zones based on geography and peril. You can easily edit zones.
• Select multiple zones (bulk selection): You can quickly create multiple zones of fine resolutions without having to click multiple buttons to do so.
• Share zone sets: You can share zone sets with other business units as well as with Touchstone Re.
• Check zones for compatibility: The Zone Set Manager indicates whether the zones you are creating are valid for Detailed Loss and Aggregate analyses.
• Select zone sets: You can select available zone sets when configuring output options for a Detailed Loss analysis.
• Filter zones for mixed geographic resolutions: You can filter out area selector columns that display mixed geographic resolution for certain countries.
• View losses by zone in Summary EP Table Zone table: You can view losses by zone in the Summary EP Table Zone table and you can see zonal loss results for the configured Output options.
Touchstone Re, AIR’s next generation reinsurance underwriting and portfolio management application, is integrated with the Touchstone 6.0 platform. If you license both applications, you can maintain one installation that includes AIR’s detailed and aggregate modeling capabilities. Additionally, you can:
• Transfer UNICEDE/2 data from Touchstone directly to Touchstone Re.
• Transfer CLF data from Touchstone directly to Touchstone Re.
Touchstone Re is accessible through its own user interface. For more information, refer to the Touchstone Re documentation.
• The Upgrade utility provides additional options. For exposure databases with workers' compensation data, you can preserve current values or upgrade to new values. For results databases, you can choose whether to delete or retain Geospatial and Hazard results during the upgrade.
• Touchstone includes new capabilities for management of projects. These enhancements support speedy transfer of data without manual steps.
• As an alternative to deleting or archiving projects, you can hide completed projects from the Projects pane in the user interface to focus attention on projects currently in progress. You may hide projects that you have completed or rarely use to shorten the list of projects in the pane. You can make hidden projects visible again at any time.
• Touchstone also enables users to export an entire project, consisting of exposure views, results, and reinsurance program information. When importing the exported project to another server, Touchstone automatically creates projects and exposure views, attaches and registers CEDE databases, and imports reinsurance program information.
• As a direct result of usability studies and client feedback, the Touchstone user interface has been extensively refreshed to streamline navigation. Improved project navigation enables users to work more intuitively with recently-used data and to support the docking functionality released in Touchstone 5.0. Ribbon controls have been removed to reduce duplication, provide a more well-defined set of actions for each screen, and improve the responsiveness of the application.
• The main menu bar includes major functions, such as Import, with a sub-menu of functions that appear when you click the function.
• The
Activity Monitor function is available from the Tools menu and as an icon
to the far right of the
main menu bar.
• The
Run Analysis icon
is available
in multiple places, including the Exposure Summary Dashboard, the Contracts
list, the Loss Analyses results grid, the Exposure Views grid, and the
Loss Groups results grid.
Touchstone 6.0 introduces Model Builder as part of AIR’s Open Platform strategy. Users can build and use their own custom models to analyze risk for additional perils and regions, and can seamlessly integrate their models into Touchstone 6.0. AIR’s custom model framework enables users to import custom catalogs, hazard intensity files, damage ratios, and external vendor event sets into the AIR Custom Model Engine to calculate ground-up losses, damage distributions, and other Touchstone loss analysis output for custom peril and region combinations.
• You can set a project-level currency and exchange rate when you add or import a project. You can also change the project-level currency at any time.
• Appended SID (Sequence Identifier) values on exported contract IDs have been removed. This ensures that exported contract IDs match the imported contract IDs.
• A new Modeled Exposure Summary table in the loss results dashboard shows the exposures that Touchstone sent to the analysis engine and were valid for modeling.
• You can now map all user Lines of Business (LOBs) to a single industry LOB for CLF and UNICEDE/2 exports.
• When configuring a Detailed Loss Analysis, you can specify storm surge and precipitation flood percentages that apply to the entire analysis or by individual LOBs. This ensures that your modeled loss results more adequately reflect your view of the risk.
• Touchstone 6.0 now supports user-supplied, non-AIR geocode match level information in Import, EDM conversion, and the user interface.
• Touchstone now supports contract-level analysis for Data Quality Analysis, Geospatial Analysis, and Hazard Analysis. The configuration options are the same as the options for configuring a Detailed Loss Analysis at the contract level.
• An Analysis Prefix field enables you to enter a prefix to distinguish between analysis results when you run an analysis with multiple targets.
• For contract-level loss analyses where you save the results by layer or where you run the analyses with reinsurance, you can view layer EP summary losses and individual treaty EP summary losses by model and/or by peril.
|
© 2020 AIR Worldwide. All rights reserved. Touchstone 6.0 Updated September 03, 2020 |
