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.

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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.
More Catastrophe Modeling Software More Underwriting ...

Data Integration and Import
(8 Yes /8 Known /10 Possible features)

Hazard and Peril Modeling
(6 Yes /6 Known /10 Possible features)

Exposure and Portfolio Management
(9 Yes /9 Known /10 Possible features)

Financial Modeling and Analysis
(9 Yes /9 Known /10 Possible features)

User Experience and Accessibility
(6 Yes /6 Known /10 Possible features)

Reporting and Visualization
(9 Yes /9 Known /10 Possible features)

Model Transparency and Validation
(10 Yes /10 Known /10 Possible features)

Speed and Scalability
(4 Yes /4 Known /10 Possible features)

Integration and Extensibility
(8 Yes /8 Known /10 Possible features)

Security and Compliance
(8 Yes /8 Known /10 Possible features)

Support, Training, and Vendor Reliability
(7 Yes /7 Known /10 Possible features)

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.
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Sorry, no analysis is avaiable for Exposure Management Systems

Risk Modeling Platforms for Risk Management

Advanced analytical systems that quantify potential losses from various risk factors, including natural catastrophes, financial market movements, and operational failures.
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Sorry, no analysis is avaiable for Risk Modeling Platforms

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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Sorry, no analysis is avaiable for Catastrophe Risk Modeling for Reinsurance

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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.
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.
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.
Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies.		Includes automated data validation and cleansing per feature documentation.
Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis.		Geocoding is built-in for address-level location accuracy, per technical specs.
Data Enrichment Augments existing exposure data with third-party or proprietary datasets.		Supports data enrichment via integration with third-party data providers.
Bulk Upload Speed Time taken to import a standard set of exposure data.		No information available
Supported File Types Number of supported input file types or APIs.		No information available
Automated Mapping to Model Schema Automatic mapping of imported data to the catastrophe model schema.		Features schema mapping tools for model-based data integration.
Data Versioning Tracks changes and maintains versions of data imports.		Maintains data version history as a core feature (referenced in security and audit documentation).

Supported Perils Number and variety of perils included (e.g., earthquake, flood, windstorm, wildfire, terrorism).		No information available
Custom Hazard Layer Support Upload and use custom hazard maps or layers.		Allows user-defined hazard maps to be uploaded.
Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios.		Touchstone includes historical and user-defined event scenario generation.
Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis.		Stochastic event sets and millions of simulations supported for probabilistic modeling.
Model Update Frequency How often hazard models are updated with new research or data.		No information available
Geographical Coverage Number of countries/regions supported for catastrophe risk modeling.		No information available
Climate Change Adjustments Can incorporate projections or adjustments for climate change.		Touchstone supports climate change impact analysis/adjustments.
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.
Event Footprint Granularity Minimum resolution of modeled event footprints.		No information available
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 Data Visualization Displays exposures on interactive maps/charts.		Interactive dashboards offer exposure data visualization.
Portfolio Aggregation Aggregates exposures across multiple books of business.		Aggregates exposures for multiple portfolios/business.
Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics.		Portfolio concentration/diversification metrics are supported as described in analytics capabilities.
Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added.		Supports real-time updates and monitoring of portfolio metrics.
Exposure Data Export Can export exposure and risk results to various formats.		Touchstone allows export of exposure data/results in multiple formats.
Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits.		Exposure checks for policy/portfolio limits are built in.
Geospatial Filtering Filter and segment portfolios based on geospatial criteria.		Geospatial filtering is detailed in portfolio segmentation features.
Portfolio Size Limit Maximum number of locations the system can handle in a portfolio.		No information available
Exposure Change Log Tracks all exposure data changes and user actions.		Change logs for exposures and actions are present in audit/history functions.
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.

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.
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.
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.
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.
Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures.		Custom financial and reinsurance structure modeling is highlighted in capabilities listings.
Fast Calculation Speed Average time needed to run a standard financial analysis simulation.		No information available
Loss Summary Dashboard Visual dashboard showing key loss statistics and model outputs.		Financial analysis results and loss summaries available in dashboard view.
Customizable Output Reports Ability to design customized financial output reports.		Reports are customizable according to client workflow needs.
Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF).		Loss tables can be exported in common file formats.
Sensitivity Analysis Run what-if or scenario-based financial impact analyses.		Supports what-if analysis and scenario testing on modeled losses.

Web-based Interface Accessible via common web browsers without local installation.		Available via browser; web-based login and remote access supported.
Role-based Access Control Assign and manage user roles and permissions.		Enables role-based access control for user management as per security documents.
Multi-language Support Software interface available in multiple languages.		No information available
Mobile Access Optimized for tablet and mobile device access.		No information available
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.
Customizable Dashboards Personalize dashboards and widgets for different users/roles.		Customizable dashboards and user interfaces per Touchstone user manual.
Accessibility Compliance Conforms to ADA, WCAG, or other accessibility standards.		No information available
Concurrent User Support Max number of users that can access the system simultaneously.		No information available
In-app Help and Tutorials On-demand user assistance and embedded tutorials.		Touchstone provides in-app help, guidance, and tutorials.
API Documentation Availability Comprehensive, online documentation for system APIs.		Extensive online API documentation is available to all Touchstone clients.

Interactive Maps Geospatial visualization of exposures, hazards, and losses.		Interactive mapping and visualization form a core part of the user interface.
Custom Report Builder Users can design and generate custom reports.		Custom reporting templates and builders are listed in product features.
Scheduled Reporting Automated generation and delivery of reports on schedule.		Scheduled, automated report delivery supported per documentation.
Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats.		Exports available in PDF, XLS, and image formats.
Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results.		Touchstone supports dynamic dashboards; real-time dashboard updates are supported.
Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses.		Layered data visualization, including heat maps, supported.
Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios.		Can compare portfolios visually and statistically via comparison charts.
Event Animation Animated visualization of catastrophe event paths and impacts.		Animated event paths included in product demonstration videos.
Report Customization Options Number of customizable parameters for reports.		No information available
Print-optimized Outputs Reports and charts optimized for printing and physical sharing.		Reports and outputs are print and presentation optimized.

Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies.		Model assumptions and documentation are provided for transparency and validation.
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.
Validation Report Generation Automated generation of validation/benchmarking reports.		Automated validation report generation is a documented feature.
Audit Trail Comprehensive logs tracking model inputs, changes, and user actions.		Audit trails are available for all key workflow actions.
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.
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.
Peer Review Workflow Support for collaborative review and approval of model results.		Peer/collaborative review workflows are cited in Touchstone product materials.
Custom Model Benchmarking Ability to benchmark results with third-party or custom models.		Can benchmark against custom or third-party model output.
Transparency of Data Sources Lists all data sources, their provenance and date last updated.		Lists and documents all reference data sources; available in documentation.
Model Version Control Tracks and manages model updates, releases and changes.		Model version controls and release management are part of Touchstone workflow.

Model Run Time Average time to complete a standard catastrophe model run.		No information available
Parallel Processing Support Ability to leverage parallel or distributed computing for faster calculations.		Leverages distributed and parallel computing, per scalability whitepapers.
Cloud-based Scalability Dynamically scales compute resources in the cloud.		Touchstone is available as a cloud-based, scalable SaaS platform.
Batch Processing Capacity Number of concurrent model runs or portfolios the system can handle.		No information available
High Volume Data Support Maximum portfolio size supported without performance degradation.		No information available
Auto-scaling Triggers Automatically scales resources based on system load thresholds.		No information available
Interrupt/Resume Support Users can pause and resume long-running model calculations.		Supports pausing/resuming of complex modeling tasks.
API Request Rate Limit Maximum rate of API requests supported.		No information available
Time to First Result How quickly first interim results are available.		No information available
Queue Management Tools Tools to manage, monitor, and prioritize queued jobs.		Job queue management is available for batch/cross-portfolio processes.

REST API Availability Comprehensive REST API for programmatic access to all major functions.		Comprehensive REST APIs available for programmatic access documented on support portal.
Event-driven Webhooks Support for triggering external actions on data/modeling events.		Event-driven workflows/webhooks described in API and integration documentation.
Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins.		Plug-in/extensions framework available; cited for custom model development.
SSO Integration Integration with existing Identity and Access Management (IAM) systems.		SSO integration available per enterprise deployment options.
Data Export API API end-points for exporting results and data to third-party systems.		Data export API endpoints are publicly documented.
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.
Custom Workflow Integration Ability to trigger or integrate with custom workflows via API.		APIs allow custom workflow integration, referenced in implementation guides.
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.
Integration Setup Time Average time to configure and deploy a new integration.		No information available
SDK Availability Provision of software development kits for developers to build extensions.		No information available

Data Encryption Encrypts data during transmission and at rest.		Touchstone encrypts data at rest and during transmission as per security section.
Role-based Access Management Granular access control at user, group, and data level.		Offers granular, role-based security and access management.
Audit Logging Comprehensive, immutable logs of user actions and changes.		Comprehensive audit logging and immutable change records.
GDPR Compliance Meets requirements for data protection per GDPR.		Meets GDPR compliance standards, as referenced by Verisk compliance documentation.
Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery.		Touchstone implements backup and disaster recovery protocols.
Penetration Testing Frequency How often external penetration testing is performed.		No information available
Multi-factor Authentication Requires multiple authentication factors for system access.		Multi-factor authentication is available on enterprise deployments.
Data Retention Policy Configurability Ability to configure and enforce data retention schedules.		Data retention policies are configurable in administrative console.
Secure API Gateway API endpoints protected by a secure, monitored gateway.		Secured API gateway infrastructure in place per technical documentation.
Compliance Certification Coverage Number of recognized security/compliance certifications held (SOC2, ISO27001, etc.)		No information available

24/7 Support Availability Round-the-clock technical and customer support.		24/7 support coverage available for enterprise clients, as per support section.
Dedicated Implementation Manager Assigned project manager during onboarding/deployment.		Implementation managers are assigned for onboarding/new deployments.
Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules).		Training provided in multiple formats: onsite, remote, and online modules.
Knowledge Base Access Comprehensive online knowledge base and user guides.		Online knowledge base and searchable user manuals present.
Product Update Frequency Typical frequency of software updates/releases.		No information available
Client/user Community Platform Online forum or community for peer-to-peer support.		Online user community for product support and knowledge sharing.
Average Support Response Time Mean response time for support tickets.		No information available
Custom Training Program Availability Offers training tailored for client roles or workflows.		Custom training programs available, tailored according to client/user groups.
Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs.		Documented, enforceable SLAs provided as part of service agreements.
Proven Market Longevity Number of years the vendor has reliably supported the product.		No information available

Touchstone from AIR Worldwide (Verisk)

Product analysis by function

Catastrophe Modeling Software for Underwriting

Data Integration and Import (8 Yes /8 Known /10 Possible features)

Hazard and Peril Modeling (6 Yes /6 Known /10 Possible features)

Exposure and Portfolio Management (9 Yes /9 Known /10 Possible features)

Financial Modeling and Analysis (9 Yes /9 Known /10 Possible features)

User Experience and Accessibility (6 Yes /6 Known /10 Possible features)

Reporting and Visualization (9 Yes /9 Known /10 Possible features)

Model Transparency and Validation (10 Yes /10 Known /10 Possible features)

Speed and Scalability (4 Yes /4 Known /10 Possible features)

Integration and Extensibility (8 Yes /8 Known /10 Possible features)

Security and Compliance (8 Yes /8 Known /10 Possible features)

Support, Training, and Vendor Reliability (7 Yes /7 Known /10 Possible features)