ICRFS-Plus™ Brochure - Unique technology for long tail liabilities

• Solvency II • Capital Allocation • Economic Capital • Reserve Risk Charge • Underwriting Risk Charge

A comprehensive look at ICRFS-Plus™, Insureware's flagship software product for dealing with all aspects of long-tail liability risk management. Discover why ICRFS-Plus™ is the software of choice for some of the world's most forward-looking companies in the P&C Insurance industry.

Insureware creates a collaborative relationship with its global client base that is only afforded by unparalleled benefits and applications of ICRFS-Plus™.

ERM - Staying Ahead of Enterprise Risk

One great benefit of ICRFS-Plus™ is that you can manage and measure all your long tail liability risks with a single composite model. Only one model for each company!

A single composite model measures the reserve, underwriting and combined risks for each LOB and the aggregate.

One double click loads the model and reveals pictorially the volatility structure of each long tail LOB in your company and their inter-relationships (correlation structures). All the critical financial information such as risk capital allocation by LOB and calendar year, and Tail Value-at-Risk for different time horizons can be computed in a matter of seconds. A company-wide report can be created effortlessly with a single report template.

Integrated System for Enterprise Risk Management

Tired of wading through spreadsheets to find your data? An ICRFS-Plus™ corporate database, which is not difficult to create, enables complete executive oversight. Data, models, forecast scenarios, and links to reports all reside in a relational database. Models and data are linked with Triangle Groups.

What is Unique About ICRFS-Plus™

ICRFS-Plus™ contains the unique Probabilistic Trend Family (PTF) and Multiple Probabilistic Trend Family (MPTF) modelling frameworks for which the identified optimal models are easily summarized using, trend and volatility displays; and the different types of correlations, namely, process correlation, parameter correlation and reserve and underwriting distributions correlations.

COM Automation - Gaining a competitive advantage

The COM facility in ICRFS-Plus™ enables very rapid importation of data from almost any warehousing format. Processing of data (objects) can also be automated as part of the importing process. COM output from ICRFS-Plus™ also means automated reporting and linking to any other COM enabled product. Utilities designed for the effortless importation of US and UK Industry data (Schedule P and SynThesys) can give you a competitive advantage in comparing your company's intrinsic risk characteristics with your competitors.

LRT / ELRF - The Link Ratio Techniques and Extended Link Ratio Family modelling framework

Apply and Test Regression Versions and Extensions of Link Ratio techniques including Mack. Standard Link Ratio Techniques, different weighted averages, 2- and 3-parameter selected Link Ratio Smoothing and so much more.