New functionality in ICRFS™ 2016 includes the following

System

  • 32-bit and 64-bit versions of the system are now available.
  • Options are now found under the Edit pull down menu.

Database

  • Database optimised for audit tracking and scaling.
  • SQ Lite replaces MS Access as the default single-user type of database.

ELRF

  • Calendar year standard deviations and CVs in Forecast Summary and Forecast table.

Probabilistic Trend Family (PTF)

  • VMU, Variation in Mean Ultimate (the full distribution of the variation in mean ultimate -- ie Claims Development Result (CDR)), added.
  • Correlation between reserve and future forecast components added to combined forecast output.

Multiple Probabilistic Trend Family (MPTF)

  • VMU, Variation in Mean Ultimate (the full distribution of the variation in mean ultimate -- ie Claims Development Result (CDR)), added.
  • Forecast setup allows sorting by cluster.

COM

  • Various COM functions added and improved

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