Convert event rates and losses

Generates an analysis result based on an existing portfolio-level EP result by applying event rate or event loss adjustments to the specified reference analysis.

Analysis jobs generally require substantial time and resources to complete. Event rate conversion enables cat modelers to compare analysis results based on different event rates without re-running the analysis jobs from scratch.

Event rate adjustments

Event rate adjustments enable you to compare results using different event rates. The event loss rate defines the annual probability of that event occurring.

The eventRateSchemeIds attribute accepts an array of event rate schemes identified by ID number. If unspecified, the service returns event loss adjustments only.

Event loss adjustments

Event loss adjustments enable you to scale mean losses and uncertainty to align with your organization's view of risk.

The eventLossAdjustmentSchemeIds attribute accepts an array of event loss adjustment schemes.If unspecified, the service returns event rate adjustments only.

Once the job is complete, the service writes the upated analysis results to the RDM using new analysis ID and a name that appends the string _EVENT to the name of the original analysis result.

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Permissions

To perform this operation, a principal must belong to a group that has been assigned the appropriate role-based permissions. The table identifies the roles with permission to perform this operation.

UnderwriterTechnical UnderwriterRisk AnalystPortfolio ManagerCat Modeler
NOYESYESYESYES

To learn more about role-based permissions in Risk Modeler, see Groups and Roles.

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