AIR is updating its modeling software platform, Touchstone, with the ability to analyze noncatastrophe risk using the same exposure data existing clients use for their catastrophe modeling.
Noncatastrophe perils are dominated by fire and also include lightning, explosion, vandalism, sprinkler leakage, fallen trees and wind.
Touchstone users will now be able to calculate noncatastrophe expected losses for each location within an exposure data set; distribute noncatastrophe expected losses into excess loss layers; launch both cat and noncat analysis for the same exposure data; and view and export both sets of analysis results.
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