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

ICRFS-Plus™ Training videos for new users


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 as set out below.


Table of Contents

1. Introduction to ICRFS-Plus™ 10.2 and modelling modules

    2. Modelling using the Link Ratio Techniques and Extended Link Ratio Family modules

      3. Introduction to the Probabilistic Trend Family modelling framework

        4. Modelling real data (CTP) in the PTF modelling framework

          5. Case Study: CS5

            6. Case Study: ABC

              7. Modelling Wizard

              8. Further PTF Modelling Examples

                9. Layers and the PALD Module

                  10. Uneven Sampling periods, updating, and various other topics

                    11. Introduction to MPTF

                      12. MPTF Modelling Framework

                        13. Advanced MPTF modelling

                          14. Importing and Reporting

                            7. Modelling Wizard

                            7.1 Return to Triangle Group CS5 and the Modelling Wizard


                            In this video we study the modelling wizard more closely. The models the wizard produces need to be compared in order to determine the 'best' wizard model. Usually if you get the wizard model sequence: M1 M4 M6 (note that M4 is the same as M6), M4 is the best model.


                            The models produced by the wizard for CS5 are evaluated and compared.


                            It is very important to critically evaluate any zero trends set by the wizard in the calendar direction.


                            See also the Workbook: Case Study 16.


                            View the video on CS5 and the modelling wizard here. (15 minutes).


                            7.2 Modelling wizard continued... Triangle Group SDF


                            In this video, the discussion of the modelling wizard is continued with the triangle group SDF. The SDF triangle group data is simulated so we know the actual trend structure.


                            The actual trend structure is compared with the 'known' trend structure. The concept of trend non-identifiability is also presented - this is a feature of all triangles because of the nature of the projection of calendar years along the diagonal. This feature of all triangles is why the Wizard constructs different models based on the trend structure identified in the model M1.


                            For this reason, although you normally see the sequence: M1 M4 M6, you sometimes see M2 or M3 (instead of M4) or M5 instead of M6. Note that M5 should be seen as a diagnostic model and very rarely offers a better alternative to the other wizard models.


                            The video illustrating the modelling wizard and trend structure can be viewed here. (20 minutes).