- New Litagion agent profile for lavender oil
- New blog content: "Emerging interest: The case of lavender oil"
- New features available in Underwriting
- Lavender oil. Lavender oil [CAS No. 8000-28-0] is an essential oil derived from the lavender plant (Lavandula angustifolia). The oil is extracted by steam distillation whereby lavender flowers are steamed and their oils separated from the captured steam. Lavender oil can be taken orally, applied to the skin as an oil or in lotions, or inhaled via aromatherapy. Lavender oil is also found in soaps and detergents, deodorizers, and baby products. The most widely used of the essential oils, lavender oil is purported to promote relaxation and sleep and have antifungal and antibacterial properties.
New Underwriting Features
Business activity drill down
CoMeta's underwriting feature now allows users to see which Litagion agents drive business activity risks. Under the "Risk score drivers" tab, click view by business activity to see a list of business activities that drive the overall company risk score. Then click on a business activity to view the Litagion agents that drive the risk of that particular business activity.
Underwriting by industry
As of the December 2021 release of CoMeta, SIC codes used to describe industry-modeled policies are automatically mapped to NAICS codes employing a one-to-one mapping that is available to users in the portfolio upload template (see the December 21, 2021 release notes for a description of this change). With the current release, that same mapping of SIC to NAICS codes is used in CoMeta's industry underwriting feature. Selecting an SIC code from the list of industry codes available under "search for industry" will direct users to loss estimates for the NAICS code that corresponds to that SIC code.