ICFS-Plus: Actuarial Software for the Property and Causality Insurance Industry

ICRFS-Plus™ - Unique Long-Tail Liability Enterprise Risk Management System


ICRFS-Plus™ is the world's first and leading probabilistic software for loss reserving; with applications to pricing, risk-based capital calculations, creative reinsurance solutions, and modeling of relationships between lines of business, segments and layers, that is critical to Dynamic Financial Analysis (DFA). It is unique in many respects. New features in ICRFS-Plus™ 10.4 are discussed here.


ICRFS-Plus™ provides unique and powerful data and information management facilities. It includes COM automation for importing data from any other database, and a database management system capable of handling thousands of triangle groups. Within each triangle group numerous triangle types and models can be stored.

ICRFS-Plus™ contains several unique innovative modeling frameworks including:

COM access provides effortless importing of data into a relational database from other applications. A. M. Best and NAIC Schedule P can also be converted effortlessly to an ICRFS-Plus™ relational database resulting in a wealth of information with a few mouse clicks. Click here for more details.

A company wide report can be generated in Microsoft Word or Microsoft Excel format with a few mouse clicks.

ICRFS-Plus display
ICRFS-Plus: software for loss reserving, pricing, modelling relationships, reinsurance solutions

To view the ICRFS-Plus™ brochure click here. The brochure gives a concise overview of the major benefits of the ICRFS-Plus™ program.



Applications of the ICRFS-Plus™ system include:

  • Loss reserving and pricing future underwriting years
  • Pricing Adverse Development Cover (ADC)
  • Design of optimal outgoing reinsurance programs
  • Creation of a company wide picture
  • modeling and assessing multiple lines of business
  • Credibility modeling
 

Features of the ICRFS-Plus™ system include:

  • Effortless database and model updating
  • Warp speed modeling wizard
  • Warp speed simulation and scenario testing
  • Easy importing of A.M. Best and NAIC Schedule P data
  • Monitoring of trends
 

Click here for a full scale demonstration of ICRFS-Plus™