Touchstone Re defaults

Common buttons

Use these buttons (when applicable) and the parameters below to create and modify administration boundaries.

LIBOR

Enter the London Interbank Offered Rate (LIBOR) reference rate to use in coupon calculations for catastrophe bonds

Use most recent IED Year

Select the check box to use the most recent Industry Exposure Database year when calculating a market share analysis. Clear the check box to match the Industry Exposure Database year to the exposure year.

Program Type

Select the default program type, such as Catastrophe Excess of Loss.

Inception Date

Select the range of dates in which the program is in force. Constraints include:

• Expiration date cannot go beyond 2038.

• Multi-year loss files accommodate only a five-year risk period.

Expiration Date

Save Terms

Select the currency in which treaty terms are saved; the default is US Dollar.

Status

Select the status of the layer; the default is Submitted.

Perils

Select each peril to be covered by default. Users can override the settings when creating or modifying a program.

Program Coverage Rate

Specify the percentage of company loss applied to the line of business when applying financial terms.

Demand Surge

Select the check box to apply demand surge.

Loss Market Shares

Select the check box to adjust losses for a better estimate of potential losses if loss market shares data is available.

Market Trend Factor

This option is not currently supported in Touchstone Re.

Include Custom LOBs

Specify a percentage, or coverage rate, for each relevant LOB to apply to the program. Users can override the settings when creating or modifying a program on the Program Options tab.

Loss Modification Factor

Specify the adjustment that applies to ground-up losses for a single program; the default is 1.0. Users can override the settings when creating or modifying a program on the Program Options tab.

In-Force Date

Select the in-force date, such as "Today's date".