The New Paradigm Provides Information and Benefits you have Never Imagined |
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* Unique interactivity between the user and the software Model creation and testing is based on a point and click graphical user interface and a warp speed modelling wizard. * COM automation of data input, updating and database manipulation The COM open interface allows automated importation of large amounts of data from any other database. Objects in the database can also be operated on from within any other COM-enabled product. * A.M. Best and NAIC Schedule P A Schedule P CD can be converted using COM into an ICRFS-PLUS™ relational database by Line of Business, Company Name etc. A few mouse clicks allows you to compare companies to each other and the industry. * Lightning fast computations and simulations * Unique data management facilities You will never have to search through spreadsheets again to find your data, models and reports. * Fast report generation Create reports for all lines of business and aggregates from pre-defined templates in just a few clicks. * Effortless database updating that includes model updating and trend monitoring Add the next year's data and check that the existing model is still valid in just a few minutes. * Regression extensions of the standard link ratio techniques Mack's regression formulation of chain ladder, Murphy's extension and much more are all included in the unique ELRF modelling framework. | |
Benefits of Modelling Multiple Lines of Business, Segments or Layers |
Any number of lines of business can be modelled simultaneously, so you can understand the relationships between them, and produce forecast distributions for the liabilities of the whole company that are based on correlations found in the data. * Company-wide Picture Produce distributions for each line and the aggregate of all lines, bu accident year, calendar year and total, that incorporate correlations between the lines determined from the data. * Dynamic Financial Analysis Assess and quantify the degree of diversification between lines of business, segments and layers and allocate capital optimally. COM Automation can be used to transfer information directly into DFA software. * Optimal Outward Reinsurance Design an optimal outward reinsurance program that ensures that the coefficient of variation of net reserves is lower than that of gross reserves. * Risks for Reinsurers Understand the correlations between business already on your books and potential new business so you can properly assess the risks you are taking on. * Pricing Outgoing and Inward Reinsurance Price outgoing and inward reinsurance including adversse development cover, both retrospective and prospective. |