FIRST losses

FIRST Loss objects can be imported from the FIRST external loss database, for use with scenario analysis, benchmarking, and reports generation, and to export loss data to analytic tools or capital allocation applications. FIRST Loss objects are often organized by loss categories, such as product lines or event types. For example, use a Business Entity to create a hierarchy for FIRST loss data. Name the root object FIRST-data, and create category folders under the root. Link external losses to it.

Typically, you create a FIRST Loss object from a parent Business Entity that resides in a library structure. The FIRST Loss object is a child of the library Business Entity and can then be associated to Scenario Analysis and other Business Entity object types.

From the Task View of a FIRST Loss object, you can associate parent objects, attach files or links, and edit fields.

To see a history of changes, go to the Activity tab for the object.