ICRFS-Plus™ Demonstration videos and powerpoint slide show
ICRFS-Plus™ is a tour de force of interactive software design and computational speed.
An ICRFS-Plus™ corporate database, which is not difficult to create, enables complete executive oversight. This means that that you will be able to find, with just a few mouse clicks, models and reports for any segment of your business in any country, the actuary modelling that segment of the business, capital allocation by LOB and calendar year, reserve risk charge and underwriting risk charge for the aggregate of LOBs, whether outward reinsurance is effective in respect of reducing retained risk, and more. Creation of an ICRFS-Plus™ database from triangles stored elsewhere or unit record transactional data is also seamless and effortless using COM scripts.
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!
Click here to view an powerpoint presentation overview (about 14Mb) of ICRFS-Plus™
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.
In respect of Solvency II Capital Requirements (SCR), Market Value Margins (Risk Margins) and Technical Provisions (Fair Value of Liabilities), for the aggregate of multiple LOBs, video chapter 5 provides Insureware's solution to the one year risk horizon.
View the videos below to experience the numerous unique benefits and applications afforded by a unique paradigm shift.
Some of the (real) case studies modelled 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 firstname.lastname@example.org 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.
- 8.1 Importing triangular data from other databases and manipulating objects in the ICRFS-Plus™ database
- 8.2 Importing triangular data from unit record transactional data
- 8.3 Importing triangular data including layered triangles from unit record data
8. Importing of data and COM Automation
8.1 Importing triangular data from other databases and manipulating objects in the ICRFS-Plus™ database
This chapter illustrates the simplicity of using COM automation to import triangular data from Excel spreadsheets into an ICRFS-Plus™ database. COM scripts is also used to manipulate objects in the database and run the modelling Wizard. The data can be imported from any other database including MS Access, Oracle and SQL Server.
8.2 Importing triangular data from unit record transactional data
This chapter illustrates the importing of triangular data from unit record transactional data into an ICRFS-Plus™ database using COM scripts. COM script is also used to manipulate objects in the ICRFS-Plus™ database. The example involves unit record data that reside in an MS Access database, but similar COM script can be written if the data reside in Excel, Oracle or SQL Server.
8.3 Importing triangular data including layered triangles from unit record data
This chapter illustrates the importing of triangular data including layered triangles from unit record transactional data into ICRFS-Plus™ using COM. The COM script is shown to be flexible and different layers can be extracted from the unit record transactional data. It is easy to add, remove, or modify queries.
For additional information on ICRFS-Plus™ features - click here.
Solvency II Capital requirements for each LOB and the aggregate of all LOBs are only met by ICRFS-Plus™ in a sound statistical framework.