Link ratios cannot measure calendar year / social inflation trends
ICRFS™ is a high-powered analytical and data management system. Designed with the P&C actuary and senior executives in mind, for reserving, pricing and risk capital management, results are delivered in seconds.
Identified models in the Probabilistic Trend Family (PTF) and Multiple Probabilistic Trend Family (MPTF) modeling frameworks describe the trends in the three directions (development, accident, and calendar) along with the volatility around the trends.
ICRFS™ also includes all the familiar actuarial methods like Mack, the Bootstrap Technique, Volume Weighted Averages (Chain Ladder Ratios), and many others.
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Read more about the many solutions and benefits ICRFS™ provides.
ELRF™ Professional contains the Link Ratio Techniques (LRT) and Extended Link Ratio Family (ELRF) modeling frameworks.
The ELRF modeling framework formulates average link ratio methods as regression estimators and extends them. This includes Mack (volume weighted averages), other weighted averages and extensions.
Fully featured relational databases can be created as a repository for all your data and models. A COM API is available to import/export data.
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Read more about the Link Ratio Extensions ELRF™ provides.
AM Best, a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry, has added access to Insureware’s ELRF™ technology to its product offering.
Complimentary with a Best's Financial Suite - P/C, US subscription, the ELRF™ Best's Schedule P application organizes AM Best’s insurer financial data in a structured database primed for Insureware's analytical tools and modeling frameworks.
Want to use ICRFS™ Probabilistic Trend Family modeling frameworks on Best's Financial Suite - P/C, US data?
Read more about ELRF™ Best's Schedule P and ICRFS™ Best's Schedule P.