Type of System
- Data management
- End-to-end ERM or Solvency II solution
- Risk Management
- Reserving solution
- Stress testing
Type of Platform
Most recent significant updates:
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.
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.