Insureware is the inventor and disseminator of a new paradigm in long tail liability modelling that facilitates the scientific management of risk and capital. It was founded by Prof. Ben Zehnwirth in 1988 and provides unparalleled eConsulting and software solution services to its global client base.

Insureware creates unique collaborative partnerships with each client. The partnership facilitates the growth of incomparable knowledge, benefits and applications for each client, as well as enabling Insureware's high calibre R&D team to develop new innovative benefits and applications that are incorporated into upgrades of its software solutions.

ICRFS-Plus™, a long tail liability Enterprise Risk Management System, is simply the key to a new innovative paradigm for measuring and managing long tail liability risks in a unique integrated relational database.

It is the world's first and leading probabilistic software for loss reserving; with applications to pricing, risk-based capital calculations, creative reinsurance solutions, and modelling of relationships between lines of business, segments and layers, that is critical to Economic Capital determination, Capital Allocation, Dynamic Financial Analysis (DFA) and Solvency II.

The modelling frameworks within ICRFS-Plus™ enable the user to build models that represent the true volatility in the company's long tail lines of business and quantify the relationships between them.

ICRFS-Plus™ is the only long tail liability Enterprise Risk Management system in the world that affords the unique benefits of efficiency, flexibility and innovation in supporting Solvency II requirements and Economic Capital determination.

For the purpose of Solvency II, the relational database facilitates the understanding of the significant long tail liability risks of the enterprise in a quantifiable and integrated manner. It is effortless to navigate the database so that each actuary has access to the same information with just a few mouse clicks.

ICRFS-Plus™ COM Automation facilitates effortless and seamless importation of data from any other database. The A.M. Best & NAIC Schedule P CD can be converted into an ICRFS-Plus™ database - a wealth of information in a few mouse clicks that cannot be obtained in any other way. Now, with ICRFS-Plus™, it is quick and easy to create and access that information.

Compare your company to other companies and the industry and gain a competitive advantage.

Click here for more information on COM Automation.

ICRFS-ELRF™ is a software package that incorporates standard actuarial methods including Mack, Murphy and much more. Weighted average link ratios are formalised as regression estimators. These are also extended to include an intercept term and a constant accident period trend for each development period.

The resultant benefits include forecast standard errors (instead of just a point value) and the ability to test whether the assumptions made by the model are carried by the data.

Click here to order your free copy.