Touchstone Re

Question 1

TRe uses aggregate/ detailed exposure data

Answer 1

Aggregate exposure data

Question 2

company loss file CLF thought of as exposures contains

Answer 2

Event and lob

Question 3

UNICEDE file has

Answer 3

Aggregate exposure data

Question 4

Exposure types

Answer 4

SI sum insured
NR number of risk
PR premiums
Payrolls
CLF
Company loss associations CLA

Question 5

TRe generates loss in two ways

Answer 5

Through market share analysis
Using CLF

Question 6

How is losses calculated from market share analysis

Answer 6

Company loss= company market share * industry loss

Question 7

Company market share

Answer 7

Company exposure/ industry exposure

Question 8

To support the market share-based calculation, two main types of industry data in Touchstone Re:

Answer 8

Industry insurable exposures (by area, subarea and LOB)

Industry losses (by event, area, subarea and LOB)

(Industry take up rate)

Question 9

CLF contain company exposure information True or false

Answer 9

False

Question 10

How to import aggregate exposure data into TRe

Answer 10

UNICEDE universal cession data exchange file

Question 11

CLF has three files they are

Answer 11

.evt information about event and parameters- event mapping information
.evi - additional information about CLF file like TS version, loss type, lob
.CLF - actual losses

Question 12

Loss perspective that gives total loss generated, before application of financial terms

Answer 12

Ground up

Question 13

The loss perspective that gives the total loss generated after application of location, level limits and deductibles

Answer 13

Pre-layer gross

Question 14

Loss perspective that gives the total loss generated after the application of contract level limits and deductibles, (including layers and sub-limits )

Answer 14

Gross

Question 15

Loss perspective that gives the losses which were paid by the insured, typically defined as ground up loss minus gross loss

Answer 15

Retained

Question 16

Loss perspective that gives the total loss generated after the application of all reinsurance treaties, except for catastrophe excess of loss treaties

Answer 16

Net of pre-cat

Question 17

Loss perspective that gives the loss generated after the application of all reinsurance treaties, including catastrophe XoL

Answer 17

Post cat net

Question 18

Tool to aggregate many CLFs

Answer 18

CLF combiner

Question 19

Database to database transfer between TS and TRe

Answer 19

Company Loss Association CLA

Question 20

Sequential chain in which reinsurance contracts are applied to the gross loss to determine the net loss

Answer 20

Inuring chain

Question 21

Adjustment factors

Answer 21

Exposure adjustment factor
Loss modification factor
Market trends factor

Question 22

Exposure adjustment factor is applied by LOB and the Two scenarios where it cannot be applied

Answer 22

User specified market share as an exposure type
CLF is used for exposure data

Question 23

Number of tables and touchstone re results database

Answer 23

3

Question 24

These tables include contextual information about the analysis such as the analysis options

Answer 24

Analysis meta data tables

Question 25

The application dynamically generates the tables that are needed to store the results for each analysis for the output options selected

Answer 25

Results table

Question 26

The tables which are associated with an analysis, store selected reinsurance, treaty and zone information

Answer 26

Dimension tables