ICRFS-Plus™ 10.2 Demonstration videos
ICRFS-Plus™ is a tour de force of interactive software design and computational speed.
View the videos below to experience the numerous unique benefits and applications afforded by a paradigm shift.
Some of the (real) case studies modeled in the videos are also discussed briefly in the ICRFS-Plus™ brochure.
These videos are arranged in logical order so it is important that you view them that way.
If for any reason you are unable to view the training or demonstration videos, please contact our support staff at support@insureware.com and we will arrange to send you a copy of the videos on CD-Rom. You will be able to run the videos from the CD.
The training videos should be used for hands on training.
We suggest you run the videos on a separate computer using a data projector, and train as a group.
The only way you will learn all the new concepts and be able to
exploit all the immense benefits is by using the system. Experiential
learning is imperative.
It is important that you study the videos in sequential order set
out below.
Table of Contents
1. Introduction to ICRFS-Plus™
2. Applications of the PTF and ELRF modelling frameworks
3. The MPTF modelling framework
6. Importing data into ICRFS-Plus and COM Automation
7. Additional applications of ICRFS-Plus™
5. Schedule P
ICRFS-Plus and A.M. Best Schedule P - giving your company a competitive advantage.
This chapter illustrates the wealth of information that can be obtained with ICRFS-Plus and the A.M. Best Schedule P data to give your company a competitive advantage.
The A.M. Best Schedule P CD is converted to an ICRFS-Plus relational database using the COM Automation. The database is used to study a number of companies in order to assess their different risk characteristics and compare them to the industry. The companies have different trends and process variability which is also different to the industry.
In addition, a company - called company C for the purpose of this demonstration, is shown to be significantly under-reserved. The ELRF modelling framework is used to show that standard link ratio techniques applied to paid losses or incurred data under-estimate the true trends for this company, suggesting that standard link ratio techniques were used to set reserves.
It is also explained that if a company experiences a calendar year trend of x% for many years and projects using this trend it should be increasing its price (premium) each year by at least x% and its total reserves each year by at least x%, in order to maintain consistent estimates of prior year ultimates.
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For additional information on ICRFS-Plus™ features - click here.