Create a Program

Steps to create a program for your industry loss estimates.

Before You Begin

Before you proceed, review keyref="k_help_tsre_.

Procedure

  1. In Touchstone Re, select the Companies tab, select a company, and then select Programs > All Programs.
  2. In the Programs pane, click .
  3. In the Add Program dialog box:
    1. Select Ground Up as the type.
    2. Enter a unique program name.
      Note:

      Use a naming scheme that identifies program type, region, and year of exposure. For example: EU_European_Industry 2017 - Insured

    3. Click OK.
  4. In the Program Details pane, click the Program Options tab:

    • Under Define Target, select Specified Market Shares from the Use list.

    • Select an exposure year or use Latest.

    • Enable or disable Demand Surge.

  5. Make other adjustments in the Program Details pane in the following circumstances:

    • A partial year Industry Loss analysis is required. For example, if investigating only the events that occur in hurricane season for the U.S., you may want to select a date range (top of the pane: Inception Date, Expiration Date) of May 1 to November 1.

    • Individual Line of Business analysis is required. For example, if investigating only the Residential losses, you can set the Program Coverage Rate (Program Options tab) for remaining lines of business to 0.

  6. If necessary, adjust the Applies to Areas selection:
    1. On the Layers tab, select a layer, click inside the Applies to Area & Ceded cell, and then click .
    2. In the Applies to Areas dialog box, adjust region, country, and subareas to better define the area from which to estimate losses.
    3. In the Preview with Ceded Percentage pane, define the ceded percentage for area and subarea.
    4. Click OK.
  7. Make other changes for Terms (Layers tab) as necessary. For keyref="k_help_tsre_, in general, no terms are applied; this ensures that the entire loss for the industry is calculated.
  8. Under Perils (Layers tab), select only those perils that apply to this analysis.
  9. Click .

Next Steps

Run an analysis.