ICRFS - Insureware Pty

Type of System

  • Analytics
  • Data management
  • End-to-end ERM or Solvency II solution
  • Risk Management
  • Reserving solution
  • Stress testing

Type of Platform

  • Desktop-based

Most recent significant updates:

ICRFS 2016

Planned future enhancements:

ICRFS 2018 will be released later this year and will have extended support for IFRS 17, Reinsurance calculations, and external data integration.

Other Features

The offering facilitates

  • Solvency II standard formula
  • Solvency II internal model
  • IFRS 17
  • Principle-based reserving

Integration with third-party or in-house systems?

ICRFS provides a COM API layer enabling integration with any COM compatible application.

Implementation and Costs

Typical implementation costs:

Dependent on licence arrangement.

How long does your software take to implement on site?

Two-three days including database creation.

Key attributes of product:

ICRFS describes the trends and volatility in loss development arrays and relates loss development arrays via volatility correlations and common drivers. All trends and correlations are identified from the data and future assumptions relatable back to features found within the data.

Please name companies that use the system/solution:

References available on request.