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Touchstone from AIR Worldwide (Verisk)
A complete catastrophe risk management system that supports the entire risk management workflow. It offers detailed loss modeling for multiple perils, including hurricanes, earthquakes, floods, and terrorism, with advanced analytics for underwriting, pricing, and portfolio management.
More about AIR Worldwide (Verisk)
Product analysis by function
Catastrophe Modeling Software for Underwriting
Specialized applications that simulate and predict the potential impact of natural disasters and catastrophic events on insured properties and portfolios. These tools are crucial for pricing property insurance in high-risk areas.
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Data Integration and Import
(8 Yes /8 Known /10 Possible features)
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Multi-source Data Import Ability to ingest data from various formats and sources (e.g., spreadsheets, databases, APIs, GIS formats). |
Touchstone supports import of data from multiple sources and formats, as stated in product documentation. | |
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Real-time Data Sync Capacity to synchronize and update data feeds in real-time (e.g., exposure databases, hazard maps). |
Touchstone provides real-time updates to exposure databases and hazard data integration. | |
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Batch Data Processing Support for importing and processing large datasets in batch mode. |
Batch data import is a key feature for handling large portfolios, as highlighted in marketing materials. | |
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Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies. |
Includes automated data validation and cleansing per feature documentation. | |
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Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis. |
Geocoding is built-in for address-level location accuracy, per technical specs. | |
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Data Enrichment Augments existing exposure data with third-party or proprietary datasets. |
Supports data enrichment via integration with third-party data providers. | |
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Bulk Upload Speed Time taken to import a standard set of exposure data. |
No information available | |
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Supported File Types Number of supported input file types or APIs. |
No information available | |
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Automated Mapping to Model Schema Automatic mapping of imported data to the catastrophe model schema. |
Features schema mapping tools for model-based data integration. | |
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Data Versioning Tracks changes and maintains versions of data imports. |
Maintains data version history as a core feature (referenced in security and audit documentation). |
Hazard and Peril Modeling
(6 Yes /6 Known /10 Possible features)
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Supported Perils Number and variety of perils included (e.g., earthquake, flood, windstorm, wildfire, terrorism). |
No information available | |
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Custom Hazard Layer Support Upload and use custom hazard maps or layers. |
Allows user-defined hazard maps to be uploaded. | |
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Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios. |
Touchstone includes historical and user-defined event scenario generation. | |
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Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis. |
Stochastic event sets and millions of simulations supported for probabilistic modeling. | |
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Model Update Frequency How often hazard models are updated with new research or data. |
No information available | |
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Geographical Coverage Number of countries/regions supported for catastrophe risk modeling. |
No information available | |
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Climate Change Adjustments Can incorporate projections or adjustments for climate change. |
Touchstone supports climate change impact analysis/adjustments. | |
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Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami). |
Can model secondary perils such as hail, tsunami, and landslide, per technical fact sheets. | |
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Event Footprint Granularity Minimum resolution of modeled event footprints. |
No information available | |
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Peril Correlation Modeling Can model dependencies between perils (e.g., hurricane and flood). |
Touchstone models peril dependencies (e.g., wind and flood combined impact analysis). |
Exposure and Portfolio Management
(9 Yes /9 Known /10 Possible features)
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Exposure Data Visualization Displays exposures on interactive maps/charts. |
Interactive dashboards offer exposure data visualization. | |
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Portfolio Aggregation Aggregates exposures across multiple books of business. |
Aggregates exposures for multiple portfolios/business. | |
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Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics. |
Portfolio concentration/diversification metrics are supported as described in analytics capabilities. | |
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Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added. |
Supports real-time updates and monitoring of portfolio metrics. | |
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Exposure Data Export Can export exposure and risk results to various formats. |
Touchstone allows export of exposure data/results in multiple formats. | |
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Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits. |
Exposure checks for policy/portfolio limits are built in. | |
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Geospatial Filtering Filter and segment portfolios based on geospatial criteria. |
Geospatial filtering is detailed in portfolio segmentation features. | |
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Portfolio Size Limit Maximum number of locations the system can handle in a portfolio. |
No information available | |
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Exposure Change Log Tracks all exposure data changes and user actions. |
Change logs for exposures and actions are present in audit/history functions. | |
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Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling. |
Policy terms including deductibles and limits are a documented part of loss modeling. |
Financial Modeling and Analysis
(9 Yes /9 Known /10 Possible features)
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Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers. |
Touchstone supports gross and net loss calculations for various policy layers. | |
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Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP). |
Loss exceedance probability curves (OEP, AEP) generation is part of financial output reports. | |
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Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss). |
Return period loss estimates (e.g., 1-in-100 year) available in output options. | |
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Correlation with Financial Instruments Ability to analyze risk correlation with cat bonds or reinsurance layers. |
Cat bond and reinsurance program risk correlation supported according to advanced modeling features. | |
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Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures. |
Custom financial and reinsurance structure modeling is highlighted in capabilities listings. | |
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Fast Calculation Speed Average time needed to run a standard financial analysis simulation. |
No information available | |
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Loss Summary Dashboard Visual dashboard showing key loss statistics and model outputs. |
Financial analysis results and loss summaries available in dashboard view. | |
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Customizable Output Reports Ability to design customized financial output reports. |
Reports are customizable according to client workflow needs. | |
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Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF). |
Loss tables can be exported in common file formats. | |
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Sensitivity Analysis Run what-if or scenario-based financial impact analyses. |
Supports what-if analysis and scenario testing on modeled losses. |
User Experience and Accessibility
(6 Yes /6 Known /10 Possible features)
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Web-based Interface Accessible via common web browsers without local installation. |
Available via browser; web-based login and remote access supported. | |
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Role-based Access Control Assign and manage user roles and permissions. |
Enables role-based access control for user management as per security documents. | |
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Multi-language Support Software interface available in multiple languages. |
No information available | |
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Mobile Access Optimized for tablet and mobile device access. |
No information available | |
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Guided Workflows Step-by-step wizards for common tasks such as data upload and model run. |
Touchstone features workflow wizards for data import, model setup, and loss analysis. | |
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Customizable Dashboards Personalize dashboards and widgets for different users/roles. |
Customizable dashboards and user interfaces per Touchstone user manual. | |
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Accessibility Compliance Conforms to ADA, WCAG, or other accessibility standards. |
No information available | |
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Concurrent User Support Max number of users that can access the system simultaneously. |
No information available | |
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In-app Help and Tutorials On-demand user assistance and embedded tutorials. |
Touchstone provides in-app help, guidance, and tutorials. | |
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API Documentation Availability Comprehensive, online documentation for system APIs. |
Extensive online API documentation is available to all Touchstone clients. |
Reporting and Visualization
(9 Yes /9 Known /10 Possible features)
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Interactive Maps Geospatial visualization of exposures, hazards, and losses. |
Interactive mapping and visualization form a core part of the user interface. | |
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Custom Report Builder Users can design and generate custom reports. |
Custom reporting templates and builders are listed in product features. | |
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Scheduled Reporting Automated generation and delivery of reports on schedule. |
Scheduled, automated report delivery supported per documentation. | |
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Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats. |
Exports available in PDF, XLS, and image formats. | |
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Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results. |
Touchstone supports dynamic dashboards; real-time dashboard updates are supported. | |
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Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses. |
Layered data visualization, including heat maps, supported. | |
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Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios. |
Can compare portfolios visually and statistically via comparison charts. | |
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Event Animation Animated visualization of catastrophe event paths and impacts. |
Animated event paths included in product demonstration videos. | |
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Report Customization Options Number of customizable parameters for reports. |
No information available | |
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Print-optimized Outputs Reports and charts optimized for printing and physical sharing. |
Reports and outputs are print and presentation optimized. |
Model Transparency and Validation
(10 Yes /10 Known /10 Possible features)
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Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies. |
Model assumptions and documentation are provided for transparency and validation. | |
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Model Validation Tools Built-in tools for validating model outputs against historical data or benchmarks. |
Integrated model validation tools referenced in technical FAQs and user guides. | |
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Validation Report Generation Automated generation of validation/benchmarking reports. |
Automated validation report generation is a documented feature. | |
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Audit Trail Comprehensive logs tracking model inputs, changes, and user actions. |
Audit trails are available for all key workflow actions. | |
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Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations. |
Support for regulatory compliance, including Solvency II and NAIC, per website. | |
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User Model Overrides Ability for users to override and document model settings for special cases. |
Touchstone allows users to override model defaults for special use cases. | |
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Peer Review Workflow Support for collaborative review and approval of model results. |
Peer/collaborative review workflows are cited in Touchstone product materials. | |
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Custom Model Benchmarking Ability to benchmark results with third-party or custom models. |
Can benchmark against custom or third-party model output. | |
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Transparency of Data Sources Lists all data sources, their provenance and date last updated. |
Lists and documents all reference data sources; available in documentation. | |
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Model Version Control Tracks and manages model updates, releases and changes. |
Model version controls and release management are part of Touchstone workflow. |
Speed and Scalability
(4 Yes /4 Known /10 Possible features)
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Model Run Time Average time to complete a standard catastrophe model run. |
No information available | |
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Parallel Processing Support Ability to leverage parallel or distributed computing for faster calculations. |
Leverages distributed and parallel computing, per scalability whitepapers. | |
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Cloud-based Scalability Dynamically scales compute resources in the cloud. |
Touchstone is available as a cloud-based, scalable SaaS platform. | |
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Batch Processing Capacity Number of concurrent model runs or portfolios the system can handle. |
No information available | |
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High Volume Data Support Maximum portfolio size supported without performance degradation. |
No information available | |
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Auto-scaling Triggers Automatically scales resources based on system load thresholds. |
No information available | |
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Interrupt/Resume Support Users can pause and resume long-running model calculations. |
Supports pausing/resuming of complex modeling tasks. | |
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API Request Rate Limit Maximum rate of API requests supported. |
No information available | |
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Time to First Result How quickly first interim results are available. |
No information available | |
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Queue Management Tools Tools to manage, monitor, and prioritize queued jobs. |
Job queue management is available for batch/cross-portfolio processes. |
Integration and Extensibility
(8 Yes /8 Known /10 Possible features)
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REST API Availability Comprehensive REST API for programmatic access to all major functions. |
Comprehensive REST APIs available for programmatic access documented on support portal. | |
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Event-driven Webhooks Support for triggering external actions on data/modeling events. |
Event-driven workflows/webhooks described in API and integration documentation. | |
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Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins. |
Plug-in/extensions framework available; cited for custom model development. | |
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SSO Integration Integration with existing Identity and Access Management (IAM) systems. |
SSO integration available per enterprise deployment options. | |
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Data Export API API end-points for exporting results and data to third-party systems. |
Data export API endpoints are publicly documented. | |
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ERP and Policy Admin Integration Pre-built connectors to major insurance admin or ERP systems. |
Integrates with policy admin and ERP systems per partner ecosystem info. | |
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Custom Workflow Integration Ability to trigger or integrate with custom workflows via API. |
APIs allow custom workflow integration, referenced in implementation guides. | |
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Third-party Data Provider Support Integration with external data providers (e.g., hazard, satellite imagery). |
Connects to external data providers for hazard and exposure enrichment. | |
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Integration Setup Time Average time to configure and deploy a new integration. |
No information available | |
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SDK Availability Provision of software development kits for developers to build extensions. |
No information available |
Security and Compliance
(8 Yes /8 Known /10 Possible features)
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Data Encryption Encrypts data during transmission and at rest. |
Touchstone encrypts data at rest and during transmission as per security section. | |
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Role-based Access Management Granular access control at user, group, and data level. |
Offers granular, role-based security and access management. | |
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Audit Logging Comprehensive, immutable logs of user actions and changes. |
Comprehensive audit logging and immutable change records. | |
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GDPR Compliance Meets requirements for data protection per GDPR. |
Meets GDPR compliance standards, as referenced by Verisk compliance documentation. | |
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Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery. |
Touchstone implements backup and disaster recovery protocols. | |
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Penetration Testing Frequency How often external penetration testing is performed. |
No information available | |
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Multi-factor Authentication Requires multiple authentication factors for system access. |
Multi-factor authentication is available on enterprise deployments. | |
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Data Retention Policy Configurability Ability to configure and enforce data retention schedules. |
Data retention policies are configurable in administrative console. | |
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Secure API Gateway API endpoints protected by a secure, monitored gateway. |
Secured API gateway infrastructure in place per technical documentation. | |
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Compliance Certification Coverage Number of recognized security/compliance certifications held (SOC2, ISO27001, etc.) |
No information available |
Support, Training, and Vendor Reliability
(7 Yes /7 Known /10 Possible features)
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24/7 Support Availability Round-the-clock technical and customer support. |
24/7 support coverage available for enterprise clients, as per support section. | |
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Dedicated Implementation Manager Assigned project manager during onboarding/deployment. |
Implementation managers are assigned for onboarding/new deployments. | |
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Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules). |
Training provided in multiple formats: onsite, remote, and online modules. | |
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Knowledge Base Access Comprehensive online knowledge base and user guides. |
Online knowledge base and searchable user manuals present. | |
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Product Update Frequency Typical frequency of software updates/releases. |
No information available | |
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Client/user Community Platform Online forum or community for peer-to-peer support. |
Online user community for product support and knowledge sharing. | |
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Average Support Response Time Mean response time for support tickets. |
No information available | |
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Custom Training Program Availability Offers training tailored for client roles or workflows. |
Custom training programs available, tailored according to client/user groups. | |
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Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs. |
Documented, enforceable SLAs provided as part of service agreements. | |
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Proven Market Longevity Number of years the vendor has reliably supported the product. |
No information available |
Exposure Management Systems for Risk Management
Tools that monitor and manage the accumulation of insurance exposures across geographic areas, business lines, and risk categories to prevent concentration risks.
More Exposure Management Systems
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Core Exposure Accumulation Monitoring
(13 Yes /13 Known /15 Possible features)
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Geographical Accumulation Tracking Ability to track exposures by geographic region (country, state, city, zip/post code, latitude/longitude, and custom zones). |
Touchstone tracks exposures down to latitude/longitude and custom zones; documentation describes geographical accumulation as a core function. | |
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Line of Business Segmentation Supports segregation and analysis of exposures by various insurance business lines (e.g., property, casualty, marine, life). |
Supports risk segmentation by insurance lines (e.g., property, casualty, marine) as part of portfolio analytics. | |
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Risk Category Drilldown Allows for breakdown and aggregation of exposures by risk type (perils, policy types, etc.). |
Offers drilldown on exposures by peril, construction, occupancy, line of business, and policy attributes in UI. | |
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Custom Aggregation Rules Customization of accumulation definitions based on user-defined rules and hierarchies. |
Allows users to define custom aggregation rules through flexible accumulation configuration. | |
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Frontier Monitoring System alerts when policies cross user-defined concentration thresholds at any aggregation level. |
Touchstone supports alerting and threshold crossing features for concentration monitoring. | |
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Real-Time Data Refresh Rate Frequency at which exposure data is refreshed in the system. |
No information available | |
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Maximum Record Capacity The total number of exposure records (e.g., risks, locations) the system can handle without performance degradation. |
No information available | |
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Historical Accumulation Analysis Ability to view and compare accumulation over different time periods. |
Enables historical accumulation analyses through time series querying and comparative reporting. | |
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Multi-Portfolio Support Ability to monitor exposures across multiple insurance portfolios simultaneously. |
Users can analyze and report on exposures for multiple portfolios simultaneously. | |
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Scenario Based Accumulation Capability to simulate accumulation impacts based on event or scenario parameters. |
Scenario analysis engine allows for scenario-based accumulation and event modeling. | |
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Drill-Through Capabilities Ability to navigate from portfolio to location or individual risk details directly. |
UI supports direct drill-through from portfolio down to location or policy details. | |
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Exposure Heat Maps Visual overlays of exposure accumulations, typically on maps or charts. |
Exposure heat maps visualizations are core to the mapping and accumulation interface. | |
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Dynamic Filtering Interactive filters for dimension (time, location, LOB, etc.) slices on exposures. |
Provides dynamic filter and slice/dice on exposures (time, peril, region, etc.) in interface. | |
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Alert Threshold Customization Ability for users to set and adjust customized threshold levels for alerts. |
Allows customization of alert and threshold parameters for accumulations and concentration risk. | |
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Automated Breach Notifications Automatic notification (email, SMS, dashboard alert) to stakeholders when accumulation thresholds are breached. |
Configured to deliver automated notifications (email, dashboard) on breaches of accumulation thresholds. |
Data Integration and Management
(9 Yes /9 Known /11 Possible features)
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Multi-Source Data Integration Support for integrating policy, claims, reinsurance, cat modeling, and third-party data sources. |
Supports ingestion of policy, claims, reinsurance, and cat model data; documentation highlights multiple import pipelines. | |
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API Availability Availability of APIs for inbound and outbound data transfers. |
REST APIs and export/import APIs available for inbound/outbound data transfers. | |
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Data Validation Built-in data quality and validation checks during import and processing. |
Per documentation, has data checks and validation steps during upload and processing. | |
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Batch Upload Support Allows batch loading/updating of large datasets. |
Batch load/import functions are standard for large portfolios and reinsurance datasets. | |
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Data Versioning Maintains different versions of data loaded for auditing and rollback. |
Data versioning is built in; system can retain data snapshots for auditing. | |
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Cross-System Reconciliation Ability to reconcile exposure data across systems and highlight discrepancies. |
No information available | |
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Mapping Tools Tools to map and transform incoming data fields to standardized system schema. |
Provides mapping and transformation tools to allow conversion of incoming data into system schema. | |
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Automatic Geocoding Converts address data into latitude/longitude for spatial analysis. |
Automatic geocoding converts addresses to latitude/longitude for exposure mapping. | |
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Data Encryption Supports encryption of data both at rest and in transit. |
Touchstone supports encryption for data at rest and in transit, as per product documentation and Verisk’s general security standards. | |
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File Format Compatibility Supports multiple file formats (CSV, Excel, JSON, XML) for data ingestion and export. |
System accepts and exports files in CSV, Excel, JSON, and XML. | |
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Data Retention Period Length of time data is stored and accessible in the system. |
No information available |
Analytics and Reporting
(9 Yes /9 Known /10 Possible features)
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Pre-Built Reports Availability of standard reporting templates (e.g., accumulation by region, top 10 accumulations, trends). |
Comes with standard out-of-the-box reports, including by region and peril. | |
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Custom Report Designer Tools that enable users to design and build custom reports. |
Custom report design capability is documented as included. | |
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Scheduled Reporting Automated generation and distribution of reports based on a predefined schedule. |
Automated report scheduling and distribution is available. | |
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Ad Hoc Query Capability Users can perform ad hoc queries on exposure data within the system. |
Supports ad hoc queries on exposures and risk datasets. | |
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Interactive Dashboards Visual dashboards with real-time data and drilldown capability. |
Interactive dashboards are a main Touchstone selling point. | |
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Export Options Export reports and analytics outputs in various formats (Excel, PDF, CSV). |
Export options for reports and analysis; supports Excel, PDF, and CSV. | |
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Scenario Analysis Tools Ability to model and visualize effects of hypothetical or historical scenarios on exposure. |
Scenario analysis, including event-based and historical scenario modeling, is a core feature. | |
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Data Visualization Widgets Variety of charts, maps, graphs to represent accumulation data dynamically. |
Multiple data visualization widgets (charts, maps, graphs) are provided. | |
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Multi-Dimensional Analysis Ability to slice and dice exposure data by multiple dimensions and metrics. |
Allows multi-dimensional slicing and dicing of datasets (location, business line, peril, time, etc.). | |
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Data Aggregation Speed Typical system performance for aggregating exposures across standard reporting dimensions. |
No information available |
Catastrophe Modeling Integration
(8 Yes /8 Known /8 Possible features)
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Cat Model Plug-In Support Direct integration with major third-party catastrophe models (e.g., RMS, AIR, others). |
Native support for major catastrophe models—Touchstone is itself a cat modeling platform (AIR/Verisk). | |
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Exposure Data Export for Modeling Ability to export exposure data in formats usable by catastrophe modeling software. |
Exports risk and exposure data in formats suitable for cat modeling. | |
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Return Period Curve Overlay Overlay exposure accumulations with modeled loss exceedance probability curves. |
Overlays modeled loss exceedance probability (return period) curves over accumulation outputs. | |
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Scenario Running within Platform Users can run cat model scenarios directly inside the exposure management system. |
Model scenarios are run directly inside Touchstone. | |
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Event Footprint Import Ability to import event footprints from modelers and overlay on current exposure data. |
Imports event footprints from AIR/AIR partners and overlay on exposed portfolio. | |
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Event Response Workflow Workflows for rapid accumulation and loss estimation after a major (real-world) catastrophe event. |
Touchstone includes post-event workflows for rapid loss estimation and accumulation after catastrophe events. | |
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Probabilistic and Deterministic Event Support Ability to analyze exposure using both cat model types. |
Both probabilistic and deterministic cat modeling supported. | |
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Model Version Control Support for managing multiple versions/updates of catastrophe models and their outputs. |
Multiple versions of cat models can be installed and outputs compared. |
User Experience and Usability
(5 Yes /5 Known /9 Possible features)
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Customizable Workspaces Users can personalize dashboards, views, and layouts. |
Users can customize dashboards, reports, and interface layouts. | |
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Role-Based Access Controls Granular permissions and access based on user profiles and roles. |
Granular permissions and role-based access described in documentation. | |
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User Onboarding Tools Guided tutorials, contextual help, and setup wizards for new users. |
In-app guided onboarding available for new users. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1) for users with disabilities. |
No information available | |
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Mobile Responsive Design Platform is accessible and usable on mobile and tablet devices. |
Touchstone UI is web based and mobile-responsive. | |
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Multi-Language Support Interface and documentation are available in multiple languages. |
No information available | |
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Task Automation Users can automate routine exposure management tasks. |
Touchstone supports automation of routine data loads, reporting, and post-event workflows. | |
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Favorites and Shortcuts Quick access to frequently used functions or portfolios. |
No information available | |
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Session Timeout Settings Configurable time for user session timeout for security. |
No information available |
Security and Compliance
(7 Yes /7 Known /9 Possible features)
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User Authentication Options Supports multi-factor authentication, SSO, LDAP integration. |
Multi-factor authentication, SSO, and LDAP integration supported via Verisk security framework. | |
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Audit Logging Comprehensive log of user actions and system events for forensic and compliance needs. |
All user and system actions logged for compliance/audit requirements. | |
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Data Masking & Redaction Sensitive data fields can be masked or redacted at rest and in motion. |
No information available | |
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Granular Access Controls Detailed control over data and action access at the field, record, and report level. |
Granular access controls present (roles, permissions, object-level security). | |
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GDPR/CCPA Readiness Features and documentation supporting global data privacy regulations compliance. |
AIR/Verisk provides GDPR/CCPA readiness documentation and privacy controls. | |
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Penetration Testing Frequency How often system undergoes penetration testing. |
No information available | |
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Encryption Standards Level/type of encryption used (e.g., AES-256). |
Supports AES-256 and other standard encryption protocols. | |
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Incident Response Procedures Documented and automated procedures for handling security incidents. |
Documented incident response process, including automated detection and alerts via Verisk Security. | |
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Regulatory Audit Trail Provides evidence required for audits by regulators. |
Full audit trail and export for regulatory purposes are documented capabilities. |
Performance and Scalability
(3 Yes /3 Known /7 Possible features)
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Maximum Concurrent Users The maximum number of users who can reliably use the system simultaneously. |
No information available | |
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Data Processing Throughput Rate at which the system processes and updates incoming exposures. |
No information available | |
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System Uptime SLA Service level agreement for system availability. |
No information available | |
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Response Time for Standard Queries Average system response time for core aggregation or lookup queries. |
No information available | |
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Horizontal Scalability Ability to scale system performance by adding hardware resources. |
Cloud and on-prem options available; system can scale horizontally per design documentation. | |
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Auto-Scaling System can automatically adjust compute resources based on workload. |
Auto-scaling supported for cloud deployments as per Verisk/CD platforms. | |
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Peak Load Handling System can handle specified peaks in data or user activity without performance loss. |
Reference clients confirm peak load handling (annual model refresh, post-event surges). |
Reinsurance and Treaty Management
(7 Yes /7 Known /7 Possible features)
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Treaty Terms Ingestion System can import and model reinsurance treaties, terms, and layers. |
Native reinsurance terms ingestion, including importing treaties and layers. | |
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Ceded Risk Calculation Calculates the net retained and ceded exposures to reinsurers. |
Calculates net and ceded risk/retentions as part of reinsurance module. | |
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Retrocession Modeling Supports modeling of further retrocession arrangements on top of primary treaties. |
Supports retrocession modeling through layered reinsurance structuring. | |
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Pro-rata and Excess of Loss Support Handles both proportional and non-proportional reinsurance structures. |
Handles both pro-rata and excess of loss treaties. | |
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Automated Treaty Application Automatically applies treaty rules across exposures for accumulation scenarios. |
Automated treaty application across all portfolios is available in treaty management module. | |
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Treaty Expiry Alerts Notifies users as treaties approach expiration, to avoid coverage gaps. |
Automatically notifies users of approaching treaty expiration dates. | |
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Multi-Treaty Layer Support Can model multiple treaties and layers in combination. |
Supports modeling of complex, multi-layer, and multi-treaty structures. |
Workflow and Collaboration Tools
(5 Yes /5 Known /7 Possible features)
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Exposure Review Workflow Structured approval and review processes for new risks or accumulation changes. |
Workflow for exposure/risk review and sign-off is included in platform. | |
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Commenting/Annotation Capabilities Users can comment on, annotate, or flag records and reports for collaboration. |
No information available | |
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Task Assignment Assign and track exposure-related tasks among users/teams. |
Can assign and track risk/exposure-related tasks to users and teams. | |
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Notification Center Central feed of alerts, assignments, and reviews. |
Central navigation and alerts hub present in the UI for all tasks and notifications. | |
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Automated Escalation Automatically routes unresolved issues to management after configurable time. |
No information available | |
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Integration with Messaging Platforms Connects to Slack, Teams, or email for notification and collaboration. |
Integrates with email and can be configured to connect to Teams/Slack for notifications. | |
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Change Tracking Full version history of exposure changes and administrative actions. |
Change tracking present; full audit history of exposure and admin actions. |
Third-Party Integrations
(6 Yes /6 Known /6 Possible features)
|
Core Insurance Platform Connectivity Pre-built connections to common policy admin, claims, or billing systems. |
Integrations available with major core insurance administration and claims systems. | |
|
GIS and Mapping Data Feeds Ability to consume external mapping, hazard, and data enrichment feeds. |
Can consume external hazard and GIS feeds (e.g., flood/hurricane maps). | |
|
External Event Notification APIs Receives notifications of real-world events (e.g., earthquakes, hurricanes) from third parties. |
Can subscribe to and process third-party event notification APIs for real-time hazard data. | |
|
Regulatory Reporting Integration Automates export in required formats for regulatory reporting. |
Supports regulatory exports (e.g., NAIC, Solvency II) via reporting modules. | |
|
Document Management Systems Integrates with enterprise document storage and retrieval platforms. |
Integrates with enterprise document management solutions. | |
|
Single Sign-On (SSO) Providers Supports integration with enterprise authentication systems for user login. |
SSO and major identity provider integrations supported. |
Implementation and Support
(3 Yes /3 Known /7 Possible features)
|
Implementation Timeframe Typical time required from project start to go-live. |
No information available | |
|
Training Materials Availability of comprehensive documentation, training courses, and user guides. |
Includes robust official training materials and user guides. | |
|
Dedicated Support Manager Assignment of a customer success manager or support rep post go-live. |
Touchstone clients have dedicated customer success/support managers. | |
|
User Community or Portal Access to user forums, knowledge base, and peer support. |
User community, support portal and knowledge base provided. | |
|
Service Desk Availability Current level of help desk (hours per day / days per week). |
No information available | |
|
SLAs for Issue Resolution Defined timeframes for system issue troubleshooting and resolution. |
No information available | |
|
Customizable Onboarding Supports customized onboarding experiences for different clients/teams. |
No information available |
Risk Modeling Platforms for Risk Management
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Data Integration and Import
(7 Yes /7 Known /14 Possible features)
|
Multi-format Data Import Supports ingestion of data in formats such as CSV, Excel, JSON, XML, and proprietary insurance formats. |
Touchstone imports exposure data from CSV, Excel, SQL Server and other formats as documented in product manual. | |
|
API Connectivity Provides APIs or connectors to fetch data from core insurance systems, third-party data providers, or external risk data feeds. |
No information available | |
|
Real-time Data Sync Allows real-time or near-real-time updates to risk models as new data becomes available. |
No information available | |
|
Data Cleansing Tools Offers automated tools for data deduplication, error correction, and normalization. |
The Data Quality Analytics module cleanses, deduplicates, and normalises exposure data during import. | |
|
Historical Data Import Supports ingestion of historical data sets for backtesting and model validation. |
Historical exposure and loss data can be loaded for back-testing and validation. | |
|
Bulk Upload Speed Maximum records processed per minute during bulk data upload. |
No information available | |
|
External Catastrophe Model Integration Integrates with third-party catastrophe models (e.g., RMS, AIR). |
No information available | |
|
Event-driven Data Import Can trigger imports when new data events occur. |
No information available | |
|
Data Mapping Interface Provides an interface to map and align imported data fields with model input requirements. |
Exposure Mapping wizard lets users map external data columns to Touchstone fields. | |
|
Automated Data Validation Runs rule-based checks on incoming data to ensure completeness and validity. |
Import workflow runs rule-based checks (e.g., missing fields, value ranges). | |
|
Data Version Control Supports storing and referencing multiple historical versions of imported data sets. |
No information available | |
|
File Size Limit Maximum file size supported per upload. |
No information available | |
|
User Activity Logging Tracks and logs all data import or integration activities. |
Audit logs record all import jobs and user actions. | |
|
Encryption of Imported Data Ensures all imported data are encrypted in transit and storage. |
Verisk documentation states all data are encrypted in transit and at rest (AES-256). |
Modeling Capabilities
(10 Yes /12 Known /15 Possible features)
|
Multi-Peril Modeling Supports assessment of multiple types of perils (e.g., nat-cat events, cyber, credit, operational risk). |
Supports hurricane, earthquake, flood, terrorism and other peril models. | |
|
Custom Model Creation Allows users to design and implement their own risk models using a scripting or low-code environment. |
Not as far as we are aware.* Touchstone does not allow users to build fully custom models; users rely on AIR models. | |
|
Stochastic Modeling Performs probabilistic modeling using Monte Carlo or other stochastic techniques. |
Uses stochastic event sets and Monte Carlo techniques for catastrophe loss estimation. | |
|
Scenario Analysis Enables creation of custom scenarios and stress testing against various events. |
Scenario definition tool allows user-defined events and stress tests. | |
|
Parameter Sensitivity Analysis Assesses how changes in input parameters affect model output. |
Sensitivity analysis reports show loss changes when key parameters vary. | |
|
Model Granularity Minimum level of granularity (e.g., policy, location) supported by the model. |
No information available | |
|
Correlation Modeling Supports modeling of dependencies and correlations between risks. |
Correlation of losses across perils/regions handled in financial module. | |
|
Portfolio Aggregation Aggregates risks across portfolios for enterprise-level risk assessment. |
Aggregates exposures across portfolios and business units. | |
|
Out-of-the-Box Model Library Library of pre-built models for common insurance risk types. |
Ships with full library of AIR peril models. | |
|
Open Model Architecture Supports integration of external user-developed or third-party risk models. |
Not as far as we are aware.* Architecture closed to third-party cat models such as RMS. | |
|
Model Execution Speed Average time to run a single standard risk model. |
. | No information available |
|
Time Horizon Flexibility Allows selection of modeling time frames (e.g., annual, quarterly, event-based). |
Users can choose annual, quarterly, or event-level analyses. | |
|
Data Volume Capacity Maximum data volume supported per modeling run. |
. | No information available |
|
Batch Processing Ability to execute models on multiple portfolios in parallel. |
Batch Mode lets analysts run multiple portfolios concurrently. | |
|
Geospatial Modeling Incorporates geospatial data in modeling (e.g., for natural catastrophe risks). |
Geospatial viewer overlays hazard and loss layers on maps. |
Reporting and Visualization
(8 Yes /8 Known /15 Possible features)
|
Custom Report Builder Allows users to design and generate custom risk and portfolio reports. |
Report Designer enables creation of tailored reports. | |
|
Interactive Dashboards Provides real-time, interactive risk dashboards with drill-down capabilities. |
Dashboard module provides interactive views with drill-down. | |
|
Map-Based Visualization Visualizes exposure and losses on geospatial maps. |
Map View presents exposure and loss layers on GIS maps. | |
|
Export Options Supports export of reports and analyses in formats such as PDF, Excel, CSV, and images. |
Reports can be exported to PDF, Excel, CSV, and images. | |
|
Automated Report Scheduling Can automate the production and distribution of regular reports. |
No information available | |
|
Risk Metric Visualization Graphical visualization of key risk metrics (e.g., VaR, loss distributions, exceedance probabilities). |
Displays EP curves, exceedance probabilities, and other risk metrics. | |
|
Data Drill-Down Allows users to explore results from aggregated to granular detail interactively. |
Users can drill from portfolio to individual location results. | |
|
Scenario Comparison Charts Visualize and compare risk outcomes under different input scenarios. |
Comparison charts available in Scenario Analysis module. | |
|
Custom Branding Reports and dashboards can be customized with user’s corporate identity. |
. | No information available |
|
Mobile-Friendly Visualization Allows access to key dashboards and reports via mobile devices. |
. | No information available |
|
Large Report Generation Speed Generation time for standard large-scale reports. |
. | No information available |
|
Embedded Visuals Ability to embed dashboards in external websites or portals. |
. | No information available |
|
Annotation Tools Allows users to annotate or comment on visualizations. |
. | No information available |
|
Role-Based Access to Reports Restricts report visibility based on user roles or permissions. |
Report access controlled by user role permissions. | |
|
Report Versioning Maintains versions of reports to track changes over time. |
. | No information available |
Regulatory Compliance and Governance
(5 Yes /5 Known /14 Possible features)
|
Compliance Framework Templates Pre-built frameworks for Solvency II, IFRS 17, NAIC, and other regulations. |
Has Solvency II and other regulatory reporting templates. | |
|
Audit Trail Tracks and retains detailed logs of model changes, user actions, and inputs. |
Audit logs capture model changes and user actions. | |
|
Validation Rules Engine Applies regulatory or internal control validation rules to models and calculations. |
. | No information available |
|
Model Approval Workflow Built-in workflow for model review, approval, and sign-off. |
. | No information available |
|
Role-Based Permission Controls Fine-grained access management for data, models, and reports. |
Role-based permission settings throughout platform. | |
|
Documentation Repository Central storage for all model documentation, assumptions, and regulatory submissions. |
. | No information available |
|
Model Version Management Enables versioning and rollback of risk models. |
Each model and data set carries version identifier allowing rollback. | |
|
Automated Regulatory Reporting Generates reports in regulatory-required formats and schemas. |
Generates QRTs and other solvency reporting outputs. | |
|
Access Logging Logs all user access for compliance audits. |
. | No information available |
|
Change Request Tracking Tracks all proposed and implemented model changes for governance. |
. | No information available |
|
Segregation of Duties Enforces separation of model development, validation, and approval roles. |
. | No information available |
|
Data Retention Policy Interface Configure and enforce policies on how long data and models are retained. |
. | No information available |
|
Automated Compliance Alerts Notifies users of compliance breaches and required remediation. |
. | No information available |
|
Regulatory Feed Updates Updates on changes to regulatory requirements relevant to the platform. |
. | No information available |
Security and Data Privacy
(4 Yes /4 Known /14 Possible features)
|
End-to-End Encryption Data is encrypted in transit and at rest using industry standards (e.g., AES-256). |
Data encrypted with TLS in transit and AES-256 at rest (Verisk security whitepaper). | |
|
Multi-Factor Authentication Requires more than one authentication mechanism for platform access. |
. | No information available |
|
IP Allowlisting Restricts platform access to predefined IP addresses. |
. | No information available |
|
Single Sign-On (SSO) Integration Supports SSO via SAML, OAuth, or other protocols. |
Supports SAML-based SSO with enterprise identity providers. | |
|
Data Masking Masks or obscures sensitive fields for non-privileged users. |
. | No information available |
|
GDPR/CCPA Compliance Capable of supporting GDPR, CCPA, and other data privacy regulations. |
. | No information available |
|
User Session Timeout Automatically logs out inactive users after defined periods. |
Meets GDPR requirements as stated in Verisk privacy documentation. | |
|
Activity Monitoring Tracks and analyzes user activity for unusual or suspicious behaviors. |
. | No information available |
|
Secure API Access APIs are secured with OAuth, API keys, or other strong authentication. |
REST API secured with OAuth 2.0 tokens. | |
|
Audit Log Retention Defines how long security-related audit logs are kept. |
. | No information available |
|
Granular User Permissions Fine-tuned access privileges can be set for every user or role. |
. | No information available |
|
Data Residency Options Allows choice of geographic location for data storage. |
. | No information available |
|
Penetration Testing Frequency Number of penetration and vulnerability tests per year. |
. | No information available |
|
Secure Data Destruction Ensures compliant and auditable deletion of customer data when required. |
. | No information available |
Scalability and Performance
(4 Yes /4 Known /13 Possible features)
|
Concurrent Users Supported Maximum simultaneous users supported without lag. |
. | No information available |
|
Data Processing Throughput Volume of data that can be processed in an hour. |
. | No information available |
|
Horizontal Scalability Platform can scale out by adding more servers or processing nodes. |
Cluster architecture allows horizontal scaling with additional compute nodes. | |
|
Peak Load Stability System maintains consistent performance during peak usage. |
Grid computing keeps performance stable during CAT season peaks. | |
|
Cloud Deployment Options Supports scalable deployment on public, private, or hybrid clouds. |
Available as on-premise install or Azure/AWS cloud deployment. | |
|
Auto-Failover Automated failover support for high-availability architectures. |
. | No information available |
|
Scheduled Model Runs per Day Number of full-model runs that can be scheduled and completed within a day. |
. | No information available |
|
API Request Throughput API can handle a certain number of requests per second. |
. | No information available |
|
Data Storage Limit Maximum data storage capacity supported without upgrade. |
. | No information available |
|
Elastic Compute Resource Allocation Supports dynamic allocation of compute resources based on workload. |
. | No information available |
|
Zero Downtime Upgrades Can update or upgrade the platform without service interruption. |
. | No information available |
|
High-Availability SLA Guaranteed percentage uptime service level agreement. |
. | No information available |
|
Performance Monitoring Dashboard Real-time visualization of system performance and bottlenecks. |
Performance dashboard monitors CPU, queue length, and run times. |
Usability and User Experience
(7 Yes /7 Known /13 Possible features)
|
Intuitive User Interface Easy-to-navigate UI with clear labeling, workflow, and help features. |
UI is ribbon-based and widely regarded as intuitive in market reviews. | |
|
Guided Workflows Step-by-step wizards for common risk modeling tasks. |
Guided workflow wizards for Import, Analysis, and Reporting. | |
|
Role-Based Dashboards Customizable home dashboards based on user’s job function. |
Home page widgets configurable by user role. | |
|
Real-Time Help and Tooltips Instant contextual help and documentation throughout the platform. |
. | No information available |
|
Training Materials Integrated platform tour, videos, and self-paced training resources. |
‘AIR Institute’ videos and self-paced eLearning embedded in product help. | |
|
Keyboard Accessibility Full platform operability with keyboard shortcuts for accessibility. |
. | No information available |
|
Multi-language Support Provides UI localization options in multiple languages. |
. | No information available |
|
Customizable Interface Themes Supports light/dark or corporate branding themes. |
. | No information available |
|
User Feedback Collection Built-in feature for users to submit feedback or feature requests. |
. | No information available |
|
Data Input Wizards Guided data entry with error prevention and auto-complete features. |
Import wizard provides auto-complete, error checks and guidance. | |
|
Accessibility Standards Compliance Certified to WCAG or other accessibility standards. |
. | No information available |
|
Search and Filter Functionality Global and contextual search and filter features for data, models, and reports. |
Global search bar plus column filters in every grid. | |
|
Saved User Preferences Platform saves user preferences for layout and workflow. |
User preferences (e.g., default currency, theme) saved in profile. |
Integration and Extensibility
(8 Yes /8 Known /13 Possible features)
|
Open API REST or GraphQL API for integrating with other enterprise systems. |
Open REST API documented on Verisk Developer Portal. | |
|
Webhooks Event-driven notifications to external systems or services. |
. | No information available |
|
Third-Party Plugin Support Ability to add external modules or plugins for new features. |
. | No information available |
|
SaaS/On-premises Options Available as both a cloud service and on-premise deployment. |
Offered as both SaaS (Verisk cloud) and on-premise. | |
|
Pre-built Industry Connectors Ready-made connectors to common insurance or risk data sources. |
Connectors for ISO, FEMA NFHL, and other industry data sources. | |
|
Custom Scripting Environment Allows users to write custom scripts for automation or modeling using Python, R, etc. |
. | No information available |
|
Single Sign-On Integration Can integrate with enterprise identity providers via SAML, OAuth, etc. |
SSO via SAML/OAuth supported (duplicate of earlier SSO feature). | |
|
Event Log Streaming Streams platform events (e.g., model run completions) to external log management tools. |
. | No information available |
|
Data Export API Programmatic export of model outputs and reports. |
Data Export API enables programmatic retrieval of results. | |
|
Custom Event Triggers Allows definition of custom logic to trigger external processes based on platform events. |
. | No information available |
|
Sandbox Environment Dedicated sandbox for safe, isolated testing of integrations and model changes. |
‘Sandbox’ environment provided for testing model upgrades. | |
|
Integration Template Library Pre-built templates for integrating with popular third-party tools. |
Template packages for Guidewire, Duck Creek, and SQL Server available. | |
|
Versioned API API supports versioning to avoid breaking existing integrations. |
API versions maintained (v1, v2) to prevent breaking changes. |
Support and Service
(11 Yes /11 Known /13 Possible features)
|
24/7 Support Availability Round-the-clock support via helpdesk, chat, or phone. |
Verisk Global Support offers 24/7 hotline. | |
|
Dedicated Account Manager Named support representative for enterprise customers. |
Enterprise customers get named account manager. | |
|
Onboarding Assistance Assistance provided with initial setup and user training. |
Implementation team assists with initial setup and data migration. | |
|
Knowledge Base Access Self-service portal offering documentation, FAQs, and best practices. |
Client portal hosts extensive KB articles and FAQs. | |
|
Modeling Consultation Services Expert services to support complex risk model creation or validation. |
AIR consultants provide bespoke model validation services. | |
|
User Community Forum Access to discussion boards and communities of other platform users. |
User community forum available on Verisk Community site. | |
|
Service Level Agreement (SLA) Response Time Guaranteed initial response time for critical incidents. |
. | No information available |
|
Platform Health Status Portal Online dashboard showing real-time platform status and planned maintenance. |
Status.verisk.com portal lists real-time service health. | |
|
Regular Platform Updates Frequency of regular updates or new feature releases (e.g., monthly). |
No information available | |
|
Incident Notification System Automated email/SMS notifications about major incidents or disruptions. |
Automatic incident e-mail notifications configured via client portal. | |
|
User Training Certification Official certification programs for trained users. |
AIR Institute offers certification exams for Touchstone. | |
|
Multilingual Support Support team offers assistance in multiple languages. |
Support available in English, Japanese, Spanish and others. | |
|
Custom Enhancement Requests Ability to submit and track custom feature or integration requests. |
Clients can submit enhancement requests and track status. |
Cost and Licensing
(6 Yes /6 Known /13 Possible features)
|
Transparent Pricing Model Clear and upfront cost structure (e.g., per user, per model run, or flat fee). |
. | No information available |
|
Flexible Subscription Terms Various license and subscription term options (annual, monthly, on-demand). |
Annual, multi-year, and enterprise licence options. | |
|
Pay-as-you-go Pricing Option Allows for usage-based charges with no long-term commitments. |
. | No information available |
|
Cost Estimation Tool Online calculator to estimate costs based on anticipated usage or configuration. |
. | No information available |
|
No Hidden Fees Vendor guarantees that no undisclosed fees or surcharges will be applied. |
. | No information available |
|
Multi-Tier Licensing Offers various feature or capacity levels for different organization sizes. |
Different licence tiers for Standard, Professional, and Enterprise. | |
|
Optional Support Packages Additional premium support offerings available at extra cost. |
Premium support tiers available for an additional fee. | |
|
User License Cap Maximum number of active users allowed under standard license. |
. | No information available |
|
Free Trial Duration Length of time that full-feature trials are available. |
. | No information available |
|
Cancellation Terms Clarity Terms to terminate or downgrade service are clear and documented. |
. | No information available |
|
Upgrade/Downgrade Flexibility Can switch between license tiers as organization needs change. |
Customers may upgrade capacity mid-term; Verisk invoices prorated difference. | |
|
Discounts for Multi-Year Agreements Reduced rates available for longer-term commitments. |
Discounted pricing available for 3- or 5-year agreements (per Verisk pricing guide). | |
|
Nonprofit/Educational Discounts Special pricing for nonprofit or academic organizations. |
Academic and NGO discount program published on Verisk web site. |
Artificial Intelligence and Automation
(8 Yes /8 Known /13 Possible features)
|
Machine Learning Model Support Ability to incorporate and run ML models for risk predictions. |
No information available | |
|
Automated Data Preprocessing Data cleaning, normalization, and feature selection done with minimal manual intervention. |
Data Quality Analytics automates cleaning and normalisation. | |
|
AI-Assisted Scenario Generation Automates the creation of realistic risk scenarios based on data patterns. |
Scenario wizard can auto-generate realistic event subsets (e.g., 10,000-year sets). | |
|
Model Calibration Automation Automatic tuning or calibration of model parameters to optimize accuracy. |
Touchstone automatically calibrates secondary uncertainty parameters. | |
|
Anomaly Detection AI-driven detection of unusual patterns or outlier risks in models or data. |
No information available | |
|
Explainability Tools Provides explainable AI (XAI) for transparency in predictions and outputs. |
Uncertainty contribution charts explain drivers of loss. | |
|
Process Automation Automates recurring jobs such as regular model runs, reporting, and data updates. |
Scheduler automates routine model runs and exports. | |
|
AI Model Library Access to a library of pre-trained AI/ML models for insurance applications. |
. | No information available |
|
Natural Language Query Interface Users can ask questions in natural language for simple risk queries and reports. |
No information available | |
|
Auto-Generated Insights Automated insight and summary generation from modeling results. |
Dashboards generate narrative insight summaries (e.g., top drivers). | |
|
Prediction Confidence Scoring Provides confidence intervals or scores for automated predictions. |
EP curves include confidence intervals. | |
|
Bias Detection in Models Automatically checks for and flags bias in risk models. |
No information available | |
|
Workflow Automation Builder Drag-and-drop tools for designing automated modeling and reporting workflows. |
Workflow Manager provides drag-and-drop job orchestration. |
Catastrophe Risk Modeling for Reinsurance for Reinsurance
Specialized software that assesses natural catastrophe exposures and helps optimize reinsurance purchases based on probable maximum losses and risk tolerances.
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Hazard & Vulnerability Modeling
(11 Yes /11 Known /13 Possible features)
|
Multi-peril Coverage Ability to model multiple types of natural catastrophes, including but not limited to hurricanes, earthquakes, and floods. |
Touchstone models multiple perils such as hurricanes, earthquakes, floods, and terrorism as stated on product website and documentation. | |
|
Geospatial Resolution Level of detail in spatial risk mapping (e.g., postcode, address-level resolution). |
No information available | |
|
Building Vulnerability Curves Use of vulnerability functions to estimate damage as a function of hazard intensity. |
Vulnerability curves are a core part of Touchstone’s damage estimation for buildings and assets. | |
|
Secondary Perils Modeling Support for emerging/secondary perils such as wildfire, hail, convective storms. |
Product documentation lists wildfire, hail, and convective storms as supported perils. | |
|
Exposure Data Enrichment Ability to enhance client portfolios with hazard zone overlays, construction details, and location attributes. |
Touchstone provides exposure data enrichment such as construction details, location attributes, and hazard overlays. | |
|
Climate Change Scenarios Option to model catastrophe risk under different climate change projections. |
Touchstone offers climate change scenario modeling as part of its advanced analytics. | |
|
User-defined Hazard Scenarios Flexibility to create custom hazard scenarios (e.g., bespoke earthquake ruptures). |
Custom/bespoke hazard scenarios including user-defined earthquakes can be created in Touchstone per product documentation. | |
|
Event Set Size Number of simulated catastrophic events for probabilistic analysis. |
No information available | |
|
Ground-up Loss Computation Calculation of gross (pre-insurance) losses at policy or portfolio level. |
Touchstone calculates ground-up losses at both policy and portfolio level. | |
|
Site/Asset-level Analysis Ability to drill down to individual locations or assets in risk evaluation. |
Touchstone supports site- and asset-level analysis, including drill-down capabilities. | |
|
Hazard Map Visualization Interactive display of hazard intensity overlays on portfolio locations. |
Touchstone includes interactive hazard map visualization as demonstrated in user interface guides and marketing demos. | |
|
Exposure Aggregation Support for aggregation of exposures by region, peril, or client portfolios. |
Exposure aggregation by region, peril, or portfolio is a native feature in Touchstone. | |
|
Automated Data Cleansing Built-in tools to validate and clean exposure data for modeling. |
Built-in data validation and cleansing routines are present in Touchstone import workflows. |
Loss Modeling & Financial Module
(12 Yes /12 Known /12 Possible features)
|
Probable Maximum Loss (PML) Support for calculation of PML at different return periods (e.g., 1-in-100 year event). |
Touchstone provides Probable Maximum Loss calculations for various return periods. | |
|
Average Annual Loss (AAL) Automated computation of the mean annualized loss across all modeled perils. |
Average Annual Loss is calculated for all modeled perils (referenced in product reporting outputs). | |
|
Loss Exceedance Curves Ability to generate exceedance probability distributions for loss benchmarking. |
Loss exceedance curves are standard output in Touchstone analytics. | |
|
Insurance & Reinsurance Terms Modeling Modeling of contract terms such as limits, deductibles, sublimits, and layers. |
Insurance/reinsurance terms modeling (deductibles, sublimits, layers) is a core component of Touchstone’s financial modeling. | |
|
Financial Structures Flexible module to replicate custom (e.g., multi-layer, quota share) reinsurance structures. |
Flexible financial structure modeling for various reinsurance programs (multi-layer, quota share, etc.) is supported. | |
|
Correlation Across Perils/Regions Incorporation of peril or region-based correlation in calculations. |
Touchstone incorporates peril and region-based correlation modeling in simulations. | |
|
Cashflow Timing Modeling Ability to assess impact of loss payment timing on reinsurance recoveries and reserves. |
Touchstone models cashflow timing for reinsurance recoveries and loss reserves, per documentation. | |
|
Net vs. Gross Loss Analysis Comparison and breakdown of pre- and post-reinsurance losses. |
Comparison of gross and net (post-reinsurance) loss breakdowns is provided in Touchstone. | |
|
Event Loss Tables Export Exportable event-by-event loss tables (ELTs) for reporting or further modeling. |
Exportable Event Loss Tables (ELTs) are available for further analysis and reporting. | |
|
Ceded/Retained Loss Output Breakdown of total loss between ceded and retained amount for all modeled events. |
Touchstone provides output of ceded vs. retained losses for each modeled event. | |
|
Currency Support Multi-currency modeling and loss reporting capabilities. |
Multi-currency modeling and reporting are supported in Touchstone. | |
|
Tax & Expense Modeling Ability to factor in taxes, commissions, and other policy expenses in loss calculations. |
Tax and expense modeling is included in the financial calculations per documentation. |
Reinsurance Optimization Tools
(10 Yes /10 Known /11 Possible features)
|
Reinsurance Structure Comparison Automated comparison of multiple reinsurance structures (quota share, XL, aggregate) for efficiency. |
Touchstone facilitates reinsurance structure comparisons (quota share, excess of loss, aggregate, etc.), per feature list. | |
|
Program Optimization Engine Tool for recommending optimal reinsurance levels and attachment points based on user objectives. |
Optimization engines for identifying optimal reinsurance structures and attachment points are advertised and described in user guides. | |
|
Capital Efficiency Metrics Calculation of metrics like risk transfer efficiency, cost of capital, or marginal benefit. |
Touchstone calculates and reports on capital efficiency for various reinsurance arrangements. | |
|
Sensitivity Testing Ability to test impact of varying contract or risk parameters on results. |
Sensitivity testing on parameters and contract terms is described in the software’s advanced analytics. | |
|
Retrocession Modeling Support for modeling and optimization of retrocession purchase for reinsurers. |
Retrocession modeling for reinsurance portfolios is mentioned as a feature in advanced versions/documentation. | |
|
Layer Contribution Analysis Quantitative analysis of loss and capital contribution by layer. |
Layer contribution analysis is included in Touchstone’s reinsurance optimization suite. | |
|
Simulation Run Capacity Maximum number of reinsurance scenarios or simulations that can be processed per run. |
No information available | |
|
Dynamic Pricing Tools Support for pricing reinsurance products dynamically as structures are adjusted. |
Touchstone includes dynamic pricing tools as part of portfolio management and reinsurance structure evaluations. | |
|
Stochastic Analysis of Reinsurance Costs Simulation of cost variability under different catastrophe load assumptions. |
Cost variability simulation for reinsurance under different assumptions is supported in stochastic modules. | |
|
Graphical Program Builder Drag-and-drop interface to set up and visualize reinsurance layers and contracts. |
Graphical program builder with drag-and-drop reinsurance layer setup is showcased in UI walkthroughs. | |
|
Portfolio Rebalancing Suggestions Recommendations for rebalancing reinsurance portfolio in light of risk changes. |
Portfolio rebalancing features are embedded in Touchstone for optimization and risk adjustments. |
User Experience & Integration
(10 Yes /10 Known /10 Possible features)
|
Web-based Interface Availability of browser-based, device-agnostic access. |
Touchstone is web-enabled (Touchstone Re); browser-based access is available. | |
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Dashboard Customization Users can personalize reporting dashboards and save layouts. |
Dashboard customization, including personalized views and layouts, is available according to product marketing material. | |
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Multi-user Collaboration Support for concurrent users, document sharing, and change tracking. |
Multi-user collaboration with permission control, document sharing, and change tracking is supported in enterprise deployment. | |
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API Access Availability of APIs for data pull/push and workflow automation. |
API access for integration and workflow automation is documented for Touchstone. | |
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Import/Export Options Support for multiple formats (Excel, CSV, Oasis, etc.) for exposures and results. |
Standard import/export of exposure and results in Excel, CSV, and Oasis (among others) is featured. | |
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Single Sign-On (SSO) Integrates with enterprise identity systems for easy log-in. |
Single Sign-On integration with enterprise identity providers is supported. | |
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Third-party Data Integration Easy connection to external hazard datasets, geocoding, or satellite data providers. |
Touchstone supports integration with third-party hazard datasets, satellite data, and geocoding APIs. | |
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Batch Processing Ability to set up, run, and monitor multiple modeling tasks in parallel. |
Batch processing tools for running and monitoring multiple jobs in parallel are present in Touchstone. | |
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Audit Trail System tracks user actions for compliance and traceability. |
Touchstone generates audit trails of user actions for compliance and traceability. | |
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Help & Training Resources Contextual help, tutorials, and knowledge bases. |
Help and training resources, including contextual help, tutorials, and knowledge bases, are provided. |
Reporting & Visualization
(1 Yes /1 Known /10 Possible features)
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Interactive Risk Maps Zoomable/clickable maps with summary stats and site-level detail. |
Interactive risk maps with zoom/click functionality, summary stats, and detail are highlighted features. | |
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Custom Report Builder Create, format, and export customized reports for stakeholders. |
. | No information available |
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Regulatory Reporting Templates Pre-configured formats for Solvency II, Lloyd’s RDS, NAIC, etc. |
. | No information available |
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Data Visualization Widgets Built-in scatterplots, bar charts, exceedance curve visualizations, and dashboards. |
. | No information available |
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Export to PDF/Excel/Word Direct export of results and reports into common formats. |
. | No information available |
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Scheduled Report Delivery Ability to automate distribution of regular updates. |
. | No information available |
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Scenario Comparison Views Side-by-side visualization of risk scenarios and outcomes. |
. | No information available |
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Custom Branding Add company logos and style to exported reports. |
. | No information available |
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Drill-down Capabilities Users can navigate from high-level to detailed results with a click. |
. | No information available |
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Attachment for Documentation Upload supporting documents to analysis/report output. |
. | No information available |
Performance & Scalability
(0 Yes /0 Known /8 Possible features)
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Processing Speed Average time to complete a modeling run on medium-sized portfolio. |
. | No information available |
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Concurrent Job Capacity Number of catastrophe model runs supported in parallel. |
. | No information available |
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Maximum Exposure Records Largest exposure dataset size supported per portfolio. |
. | No information available |
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Auto-scaling Infrastructure Cloud-based elasticity for scaling compute power with demand. |
. | No information available |
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Disaster Recovery Redundancy and disaster recovery measures for system resilience. |
. | No information available |
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High Availability SLA Uptime guarantee for critical production systems. |
. | No information available |
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Historical Job Logs Access to archived job/output logs for audit and reruns. |
. | No information available |
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Data Compression Support for compressing datasets and results for efficient storage. |
. | No information available |
Data Security & Compliance
(0 Yes /0 Known /9 Possible features)
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End-to-end Encryption Data is encrypted both in-transit and at-rest. |
. | No information available |
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Role-based Access Control Restricts user/system access by policy or department. |
. | No information available |
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Multi-factor Authentication Requires multiple authentication methods for user login. |
. | No information available |
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GDPR/CCPA Compliance Adherence to international privacy regulations. |
. | No information available |
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Audit Logs Comprehensive tracking of user actions and data access. |
. | No information available |
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Client Data Segregation Logical or physical segregation of client datasets. |
. | No information available |
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Penetration Testing Regular vulnerability assessment and ethical hacking tests. |
. | No information available |
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Data Retention Policy Controls Configurable data retention, archival, and deletion settings. |
. | No information available |
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Incident Response Plan Predefined process for handling security breaches. |
. | No information available |
Model Validation & Transparency
(0 Yes /0 Known /7 Possible features)
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Model Documentation Access Full model methodology and assumptions documentation provided. |
. | No information available |
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Open Model Inputs Ability for clients to review and in some cases adjust model input parameters. |
. | No information available |
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Version Control Tracking changes and allowing rollback for model, data, and output versions. |
. | No information available |
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Peer Review Tools Support for independent review and annotation of model results. |
. | No information available |
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User-defined Validation Tests Ability to run custom tests to validate outputs against known benchmarks. |
. | No information available |
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Model Sensitivity Reporting Automated quantification of model and parameter uncertainty. |
. | No information available |
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Audit Trail for Models Detailed logs of model changes, runs, and result comparisons. |
. | No information available |
Model Update & Maintenance
(0 Yes /0 Known /5 Possible features)
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Automated Model Updates Push/pull based updating of hazard and financial models without manual install. |
. | No information available |
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Changelog Distribution Transparent distribution of model release notes and update impacts. |
. | No information available |
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Backward Compatibility Ability to re-run old portfolios in previous model versions. |
. | No information available |
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User Notification of Updates Automated alerts and digest announcements of new releases. |
. | No information available |
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Support for Historical Model Versions Ability to preserve and sandbox old model/data versions for regulatory reviews. |
. | No information available |
Customer Support & Service
(0 Yes /0 Known /7 Possible features)
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Technical Support Coverage Availability of support team during business hours (and optionally 24/7). |
. | No information available |
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Onboarding Assistance Guided onboarding program for new clients and users. |
. | No information available |
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Training Sessions Regular live/online training, webinars, and best practice workshops. |
. | No information available |
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Client Community Access Forums, events, and user groups for sharing knowledge and advice. |
. | No information available |
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Service Level Agreement (SLA) Formal SLAs for support response times and updates. |
. | No information available |
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Premium Support Option Higher-tier support plans for critical clients. |
. | No information available |
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Dedicated Account Manager Assigned point of contact for strategic engagement. |
. | No information available |
Pricing & Licensing
(0 Yes /0 Known /6 Possible features)
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Flexible Licensing Models Annual, usage-based, enterprise, or modular license options. |
. | No information available |
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Pay-as-you-go Option Supports pay-per-use with no long-term contract. |
. | No information available |
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Free Trial or Sandbox Limited access trial for proof-of-concept or evaluation. |
. | No information available |
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Transparent Pricing Clear, predictable fee structures without hidden charges. |
. | No information available |
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Bundled Model Updates Model/feature updates included in standard license. |
. | No information available |
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Usage Tracking Tools Dashboards and reporting for monitoring software/data usage. |
. | No information available |
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