ICRFS-PLUS™ gives you the power to truly understand your business and put your company financially and strategically ahead.


ICRFS-Plus™ makes managing your long tail liabilities a breeze. It gives you the tools to:
  • Organise your data, models and reports
  • Extract information you have never imagined
  • Build up a company-wide picture of your long tail liabilities
  • Communicate the information throughout the company




Organise your Information

An ICRFS-PLUS™ database allows you to navigate effortlessly through your loss development arrays, models and reports with a few mouse clicks.
  • Flexible Structure Configure the database to suit your business by defining your own classification variables.
  • Easy transfer of data in and out Import whole spreadsheets directly into ICRFS-Plus™. Customiseable reports can be produced in a few clicks.


    • Extract Information You Have Never Imagined

    Build models that represent the true volatility in your long tail lines of business and quantify the relationships between them. You can build models using the wizard for a whole portfolio -in a matter of seconds!
  • Identify the social inflation in each line of business and see how it is changing. Perhaps the most important decision you will have to make is how social inflation is going to play out in the future. To make the best decision, you need to know as much as possible about the past.
  • Quantify the volatility and manage the risk that is unique to your company. Insurance is all about risk management. One of the key components of risk is the volatility in the historical data. The amount of volatility is unique to your company - it will depend on the mix of risks you are writing, the size of your share of the market and your particular market segment.
  • Understand relationships. Use industry data to improve models of your company’s data. See how case reserve estimates are related to paid losses. Look at Case Study 2 and see if you can tell when the company was sold.
  • Quantify the benefits of reinsurance. Assess many different reinsurance arrangements - calculate Value-at-Risk, the reduction in capital requirements and the value of taking out adverse development cover.