ICRFS-Plus™ Training videos

Videos marked with an (*) contain discussion of new content in ICRFS-Plus 10.5.

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™ 10.5 and modelling modules

• 1.1 Introduction to ICRFS-Plus 10.5 and database structures
• 1.2 Overview of ICRFS-Plus 10.5 Modelling frameworks
• 1.3 Uncertainty and Variability
• 1.4 Manual creation of Triangle Groups

2. Modelling using the Link Ratio Techniques and Extended Link Ratio Family modelling framework

• 2.1 Introduction to the Link Ratio Techniques module and the Extended Link Ratio Family module
• 2.2 ALRT: The Aggregate LRT interface (*)
• 2.3 The Mack method and ELRF
• 2.4 Other models in the ELRF modelling framework

3. Introduction to the Probabilistic Trend Family modelling framework

• 3.1 Introduction to the Probabilistic Trend Family modelling framework, the three directions, and trends
• 3.2 Modelling M3IR5 in the PTF Framework

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

• 4.1 Manual modelling of CTP
• 4.2 Modelling CTP using the Wizard and ELRF

5. TG CS5: heteroscedasticity and varying parameters

• 5.1 CS5 and heteroscedascity
• 5.2 CS5 and varying parameters

6. TG ABC: modelling wizard, simulations, and release of capital as profit

• 6.1 Manual modelling, constraints, model templates
• 6.2 Wizard, simulations, release of capital as profit, and more
• 6.3 Reserve upgrades and conditional statistics
• 6.4 Modelling wizard revisited in the context of CS5

7. Importing of data from other applications and COM Automation

• 7.1 Importing triangular data from other databases and manipulating objects in the ICRFS-Plus™ database
• 7.2 Importing triangular data from unit record transactional data

8. Further PTF Modelling Examples

• 8.1 CompA and WCom
• 8.2 SDF and more on WCom
• 8.3 Case Study LR High
• 8.4 Accident year heteroscedasticity
• 8.5 Even and uneven triangle groups

9. Layers and the PALD Module

10. Introduction to MPTF

• 10.1 LOB 1 and LOB 3 (part 1)
• 10.2 LOB 1 and LOB 3 (part 2)
• 10.3 LOB 1 and LOB 3 (part 3)

11. Clusters and MPTF Concepts

• 11.1 MPTF Clusters Case Study Segments 1, 2, ... 10
• 11.2 MPTF modelling principles using 1M 1Mxs1M and 2M

12. Capital Management of long tail liabilities

• 12.1 Common drivers and Process Correlation: TG GrossVsNet
• 12.2 Design of a composite model for Company B and allocation of risk capital
• 12.3 VaR, T-VaR, Risk Capital Allocation, and Underwriting risk charge versus Reserve risk charge
• 12.4 Company B LOB ReA versus the aggregate of all LOBs and simulation of a composite dataset from the composite model
• 12.5 Excel based Report for Company B for all LOBs (Company Wide Report)

13. Solvency II one year risk horizon: SCR, Best Estimate of Liabilities (BEL), Technical Provisions (TP), and Market Value (Risk) Margins (MVM) for the aggregate of long-tail LOBs

• 13.1 Our solution for calculating the long-tail liability Solvency II risk measures for the one-year risk horizon (*)
• 13.2 Solvency II risk measures for a real life example involving six LOBs (*)
• 13.3 Comparison of TP+SCR with undiscounted BEL (*)
• 13.4 Consistency of estimates of prior accident year ultimates and Solvency II metrics on updating (*)
• 13.5 5 SII and IFRS 4 metrics excluding fungibility across LOBs and calendar years going forward, relative to assuming fungibility (*)
• 13.6 Distressed Samples driven by process volatility and parameter volatility (*)
• 13.7 The Ultimate Year Risk Horizon (*)

14. Other applications of the MPTF modelling framework

• 14.1 Credibility Modelling Compa using industry Maa951
• 14.2 MPTF Net of Reinsurance versus Gross. Is outward reinsurance optimal?
• 14.3 Credibility modelling small arrays (Company X and Company Y)

15. The Bootstrap: how it shows the Mack method doesn't work

• 15.1 Introduction to the Bootstrap
• 15.2 Overview of the Mack method and the PTF modelling framework
• 15.3 Bootstrap TG ABC BS
• 15.4 Bootstrap TG LR High BS