At a glance
- What it does: ICRFS is Insureware's analytical and data management system for P&C reserving, pricing and risk capital. Its Probabilistic Trend Family (PTF) and Multiple Probabilistic Trend Family (MPTF) frameworks model trends in the development, accident and calendar directions along with the volatility around them, which Insureware says lets actuaries measure calendar-year and social inflation that link ratios miss. It also includes familiar methods such as Mack, the bootstrap and volume-weighted chain ladder ratios. Insureware lists uses for ORSA and Solvency II risk metrics, IFRS 17, reinsurance program assessment, reserves net of reinsurance and pricing risk transfers such as ADCs and LPTs. Its ELRF product family includes a Best's Schedule P version.
- Best for: Actuaries reserving long-tail liability lines who want to model calendar-year trends, social inflation and correlations across lines in one statistical framework.
- Not a fit for: Teams that want a standard chain ladder and Bornhuetter-Ferguson workflow with minimal statistical modeling.
- Pricing: Not published
Key capabilities
- PTF and MPTF statistical trend models
- Calendar-year and social inflation trend measurement
- Composite model across lines of business and segments
- Mack, bootstrap and chain ladder ratio methods
- Risk metrics for ORSA, Solvency II and IFRS 17
- Reserves net of reinsurance and risk transfer pricing (ADCs, LPTs)
How does ICRFS compare with alternatives?
Closest alternatives: chainladder (Python), WTW ResQ, addactis Reserving, Akur8. All Insureware ICRFS alternatives side by side →
Common questions
How much does Insureware ICRFS cost?
Insureware ICRFS does not publish pricing; it is quoted by sales.
Who is Insureware ICRFS best for?
Actuaries reserving long-tail liability lines who want to model calendar-year trends, social inflation and correlations across lines in one statistical framework. It is a weaker fit for teams that want a standard chain ladder and Bornhuetter-Ferguson workflow with minimal statistical modeling.
What are the best Insureware ICRFS alternatives?
The closest alternatives to Insureware ICRFS we track are chainladder (Python), WTW ResQ, addactis Reserving and Akur8. See our Insureware ICRFS alternatives page for a side-by-side.