Paradigm Shift and ICRFS-Plus
Available from Insureware Pty Ltd
ICRFS-Plus™, a long tail liability Enterprise Risk Management system, is simply the key to a new innovative paradigm for measuring and managing long tail liability risks in a unique integrated relational database.
The Extended Link Ratio Family (ELRF) modelling framework includes most regression-based extensions of the standard actuarial ratio techniques, such as the Mack and Murphy methods. It also provides the diagnostic tools for finding out whether the traditional link ratio methodology quantifies the volatility in the data and has any predictive power.