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Embrace technology delivering economic and strategic advantages

ICRFS-Plus™: the complete, statistically sound software for managing, modeling, and monitoring long-tail liabilities. The only analytical package which treats insurance data arriving in calendar time as an essential feature of its modeling solutions.

Contact Insureware to arrange a demonstration of the ICRFS-Plus™ platform.

ICRFS-Plus: mitigate model risk scientifically



Probabilistic modeling frameworks provide complete loss distributions by accident period, calendar period, and total.

These distributions enable creative solutions for:

  • Reserving and pricing (underwriting),
  • Assessing risk: reserve, underwriting and combined (reserve + underwriting) risk,
  • Monitoring trends and responding quickly to new trends,
  • Estimating correlation and risk diversification credit,
  • Modeling multiple lines, segments, or layers,
  • Solvency II and related risk capital calculations for long-tail liabilities, and
  • Assessing and pricing prospective and retrospective reinsurance.

Read more on Insureware's unique software solution below. All Insureware's ICRFS-Plus™ brochures demonstrate real-life case studies. Click on the brochure covers to the relevant brochure section to download the pdf.

Relational Databases

Structured databases for managing all long-tail liability risks Access information instantly
  • Small footprint
  • Fast to implement enterprise wide solution
  • Data organised according to your requirements
  • Models and forecast scenarios saved in databases
  • Simple to navigate
  • Easy to monitor, manage and update

Modeling multiple long-tail liability lines

Modeling multiple long-tail liability lines brochure Get the complete perspective
  • Introduction to probabilistic modeling frameworks
  • Common drivers and measuring trends
  • Correlations and their impact
  • One model for the whole company
  • Economic Balance Sheet and Solvency II metrics
  • Real life case studies!

Solvency II – one year and ultimate year risk horizons for long-tail liabilities

Solvency II: One-year and ultimate year risk horizon brochure
  • Economic Balance Sheet
  • Solvency II Capital Requirement (SCR)
  • Technical Provisions
  • Market Value Margins (MVM)
  • IFRS 4 Phase II
  • Fungibility and Ring Fencing
  • Consistency of metrics on updating
  • One year ahead metrics

Pricing: Segments, Layers and Reinsurance

Pricing: Segments, Layers and Reinsurance
  • Introduction to probabilistic modeling frameworks
  • Pricing future underwriting years including for the aggregate of multiple LOBs
  • Assessing optimal outward reinsurance
  • Layers and High Severity/Low Frequency
  • Adverse Development Cover
  • Real life case studies!

Understanding correlations and common drivers

Understanding correlations and common drivers
  • Purpose of correlation measures
  • Correlations are model dependent
  • Common accident year and calendar year drivers versus correlations
  • Impact of accident year drivers on pricing
  • Real life case studies!

Link Ratios, Mack, Murphy, Over-Dispersed Poisson, and the bootstrap technique

Link ratios, Mack, Murphy, Over-Dispersed Poisson, and the bootstrap technique Do link ratio methods work for your data?
  • Introduction to link ratio methods
  • Link ratio methods formulated as regression estimators
  • The Mack (Chain Ladder) and Murphy methods
  • The Extended Link Ratio Family (ELRF)
  • The bootstrap technique
  • Link ratio methods and correlation
  • Comparison with the optimal model in the PTF modeling framework
  • Real life case studies!

Related products

ICRFS-ELRF™ A.M. Best Schedule P 2013

ICRFS-ELRF™ A.M. Best Schedule P 2013 What does ICRFS-ELRF™ A.M. Best Schedule P deliver?
  • Structured access to A.M. Best Schedule P data - Gross and Net
  • Fast access to Schedule P long tail liability lines and related financial data, including for the Industry
  • Critical financial information at your fingertips
  • ICRFS-ELRF™ analytical tools including Mack and the bootstrap

ICRFS-Plus™ A.M. Best Schedule P 2013

ICRFS-PLUS™ A.M. Best Schedule P 2013 What does ICRFS-Plus™ A.M. Best Schedule P deliver?
  • The two probabilistic modelling frameworks of ICRFS-Plus™:
  • Probabilistic Trend Family (PTF) and
  • Multiple Probabilistic Trend Family (MPTF)
See how ICRFS-Plus™ empowers you to answer questions like:
  • Are our company's loss costs similar to our competitors?
  • Was Tower Group's collapse predictable years before?
  • Are our company's trends, risk diversification, and losses similar to our competitors?
  • Is our company's reinsurance effective?
  • Which companies should we target for reinsurance or acquisition?
  • What correlations should we use to calculate our risk diversification?

(c) Insureware 2015

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